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May 18, 2016

Dow drops 180 points

NEW YORK (AP) — Stocks fell across industries on Tuesday, erasing gains from a rally a day earlier, as investors sifted through economic reports for clues as to when the era of low interest rates may end.

Consumer goods companies and utilities fell the most. Kraft Heinz fell 4 percent and Consolidated Edison dropped 2 percent. Nine of the 10 sectors of the Standard and Poor's 500 index ended lower. Energy stocks rose as the price of crude oil rose to a seven-month high.


 
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