U.S. stock markets fell yet again today, marking the fifth day of losses in the past seven. The Dow Jones Industrial Average
Around the markets
A disappointing U.S. durable-goods report drove the capital goods sector down 1.2% on the day. Although the figure grew at a 2.2% clip, the metric fell well below analyst expectations of a 3% increase. This led to steep losses in the companies atop the industry. Heavy-equipment maker Caterpillar
The basic-materials sector also took a beating today, as a weak reading in crude oil consumption also generated concern about the strength of the global economy. On the day, the sector declined 1.4%, making it the hardest hit of all major sectors. Aluminum producer Alcoa
Energy-related companies also declined sharply today. Both of the major oil stocks on the Dow fell more than the average itself, with Chevron
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Andrew Tonner held no financial position in any of the companies mentioned in this article at the time of publication. Motley Fool newsletter services have recommended buying shares of ExxonMobil, Westport Innovations, and Chevron. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.