US STOCKS-Wall St retreats from record as industrials, tech lag [Reuters]
Arconic Corporation (ARNC)
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Source: Reuters
US STOCKS-Wall St retreats from record as industrials, tech lag | Reuters Reuters Staff 3 Min Read * GE falls after multiple brokerage downgrades * Hasbro tumbles after disappointing holiday season forecast * Arconic down after profit miss * Dow down 0.23 pct, S&P 500 down 0.40 pct, Nasdaq down 0.64 pct (Updates to market close) By Chuck Mikolajczak NEW YORK, Oct 23 (Reuters) - U.S. stocks declined on Monday as each of the major Wall Street indexes retreated from a record, weighed down by a drop in technology and industrial shares. General Electric, down 6.3 percent, suffered its biggest one-day percentage decline in more than six years after a host of brokerages cut their price targets on the stock, citing higher chances of a dividend cut at the industrial conglomerate. After holding near the unchanged mark for most of the session, losses accelerated late in the session on downturn in technology, off 0.40 percent. Last week, the Dow and S&P managed to close at a record high all five
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