Stock market finishes lower as 34 firms lose
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The stock market closed lower today as 34 companies saw their shares decline in value. The decline was widespread, with many sectors experiencing losses. The market's main index, the S&P 500, fell by 0.5% to close at 3,200. The Dow Jones Industrial Average also declined, dropping by 0.4% to close at 28,500.
Some of the notable companies that saw their shares decline include:
- Technology giant Apple, which fell by 2.5% after reporting weaker-than-expected earnings.
- Retailer Walmart, which dropped by 3.1% after announcing a decline in same-store sales.
- Energy company ExxonMobil, which fell by 2.2% after reporting a decline in quarterly profits.
The decline in the stock market was attributed to a combination of factors, including concerns over the global economy, trade tensions, and the impact of the COVID-19 pandemic on businesses. Despite the decline, many analysts remain optimistic about the long-term prospects of the market, citing the resilience of the US economy and the potential for a rebound in the coming months.
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