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US stocks close lower on tax bill worries | KTIC Radio

US stocks close lower on tax bill worries

iStock/Thinkstock
iStock/Thinkstock

(NEW YORK) — U.S. stocks closed lower on Friday as investors worried about delays in corporate tax cuts.

The Dow Jones Industrial Average slid 39.73 (-0.17 percent) to finish at 23,422.21.

The Nasdaq gained 0.89 (+0.01 percent) to close at 6,750.94, while the S&P 500 finished at 2,582.30, down 2.32 (-0.09 percent) from its open.

Crude oil prices were about 0.5 percent lower at $57 per barrel.

Winners and Losers:  Shares of J.C. Penney soared 14.65 percent after an earnings beat and same-store sales that were double what investors expected in the third-quarter.

Health and medical companies were in the red– medical device-maker Medtronic’s stock fell 1.83 percent and Baxter International tumbled 2.06 percent.

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