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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