published on August 9, 2017 - 1:17 PM
Written by Associated Press

Stocks are closing slightly lower following some rare earnings disappointments.

Small-company stocks fell more than the rest of the market Wednesday. Consumer-focused companies and banks were among the biggest decliners.

Investors kept a wary eye on escalating tensions between the U.S. and North Korea. Gold prices rose.

Disney dropped 3.9 percent after reporting a weak quarter and saying it would pull its movies from Netflix and start its own video streaming services. Watch maker Fossil Group plunged 25 percent after reporting a weak quarter.

The Standard & Poor’s 500 index fell less than a point to 2,474, making up much of the ground it lost earlier.

The Dow Jones industrial average fell 36 points, or 0.2 percent, to 22,048.

The Nasdaq composite lost 18 points, or 0.3 percent, to 6,352.


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