Comment on US stocks move broadly lower, led by industrial companies

US stocks move broadly lower, led by industrial companies

NEW YORK (AP) — U.S. stocks moved broadly lower in early trading on Wall Street Friday, dragged down by banks and industrial companies. Citigroup led a decline in banks with a 3.8 percent loss as bond yields continue to drop, threatening the profitability of financial companies that make money from lending. Boeing gave up 1.8 percent after Indonesia's flag carrier became the first airline to seek to cancel an order of 737 Max 8 jets, which have been involved in two fatal crashes in the past six months. Nike, another component of the Dow Jones Industrial Average, dropped 4.6 percent after reporting weak sales in North America.Read more on NewsOK.com

 

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