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US stock market extends slump, hurt by financial firms; tech stocks remain in a funk
Reported by: Associated Press
Reported: Monday, April 7, 2014 4:25 PM EDT
U.S. stocks are sagging at the close, pushing the broader market to its longest losing streak since January.
The Standard & Poor's 500 index fell 20 points, or 1.1 percent, to close at 1,845 Monday. It was the third straight down day for the index, its longest losing span since late January. The Dow Jones industrial average dropped 166 points, or 1 percent, to 16,245. The Nasdaq slipped 47 points, or 1.2 percent, to 4,079.
Fashion accessory company Fossil Group and used car retailer CarMax slid 4 percent. CarMax reported disappointing results Friday.