Market Snapshot: U.S. stocks close lower as Turkey, trade worries continue to weigh [MarketWatch]
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Source: MarketWatch
U.S. stocks close lower as Turkey, trade worries continue to weigh U.S. stocks came off intraday lows but still closed down Wednesday as worries surrounding Turkey’s currency crisis and continued trade tensions weighed on investors’ confidence. A sharp fall in oil prices sent the energy sector skidding, making it the worst S&P 500 performer. The Dow Jones Industrial Average DJIA, -0.54% fell 137.51 points, or 0.5%, to 25,162.41. The blue-chip index had shed more than 300 points during the session to fall below the 25,000 mark but subsequently reclaimed the key level. The S&P 500 index SPX, -0.76% dropped 21.59 points, or 0.8%, to 2,818.37. The Nasdaq Composite Index COMP, -1.23% declined 96.78 points, or 1.2%, to 7,774.12. In Tuesday’s session, major indexes closed solidly higher as selling of Turkey’s currency abated, allowing investors to focus on a healthy domestic economy and strong corporate results. Read: The stock market is about to make history The stock market par
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