Why is the Dow falling? Banks and tech stocks drag down market on Wall Street
NEW YORK (AP) — U.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies. Citigroup led a decline in banks with a 3.8 percent loss as bond yields continue to drop, threatening the profitability of financial companies that make money from lending. Boeing gave up 1.8 percent after Indonesia's flag carrier became the first airline to seek to cancel an order of 737 Max 8 jets, which have been involved in two fatal crashes in the past six months. Nike, another component of the Dow Jones Industrial ...
Click
To Read Full Article