published on November 14, 2017 - 1:30 PM
Written by Associated Press

Slumping energy stocks pulled the broader market slightly lower, erasing small gains from the day before.

A sharp drop in crude oil prices Tuesday weighed down the energy sector. Range Resources dropped 6.6 percent and Newfield Exploration gave up 7.1 percent.

Disappointing results or outlooks from retailers and other companies also weighed on the market. Utilities and consumer goods companies rose.

TJX Companies, the parent company of T.J. Maxx and Marshalls, slumped 4 percent after reporting revenue and earnings that missed analysts’ estimates.

The Standard & Poor’s 500 index fell 5 points, or 0.2 percent, to 2,578.

The Dow Jones industrial average lost 30 points, or 0.1 percent, to 23,409.

The Nasdaq composite index fell 19 points, or 0.3 percent, to 6,737.


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