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Friday, July 22, 2016

Intel, transports sap Wall Street’s strength

Wall Street


Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared.
The Dow Jones industrial average fell 77.8 points, or 0.42 percent, to 18,517.23, the S&P 500 lost 7.85 points, or 0.36 percent, to 2,165.17 and the Nasdaq Composite dropped 16.03 points, or 0.31 percent, to 5,073.90.
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