Dow Closes Down 76, Nasdaq Down 37

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Concerns over North Korea’s nuclear ambitions and a new intraday record for oil prices sent stocks lower Wednesday and added to Wall Street’s worries about the economy and interest rates, the Associated Press reports. After North Korea test fired a seventh missile Wednesday, stocks around the globe sagged as investors worried that tensions between North Korea and the United States could intensify.


According to preliminary calculations, the Dow Jones industrial average fell 76.20, or 0.68 percent, to 11,151.82, after gaining 77.80 in holiday-shortened trading Monday. Broader stock indicators also fell sharply. The Standard & Poor’s 500 index lost 9.28, or 0.72 percent, to 1,270.91, and the Nasdaq composite index fell 37.09, or 1.69 percent, to 2,153.34.


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