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June 23, 2016
NEW YORK (AP) — U.S. stocks gave up some early gains to finish lower Wednesday as energy companies sank with the price of oil and weak quarterly reports weighed down technology companies.
After two days of closing higher, stocks rose in the morning but couldn't hang on to the gains. Energy companies fell after U.S. energy stockpiles shrank by a smaller amount than analysts expected, and announcements from Adobe Systems and HP hurt tech stocks. Drug companies traded higher.
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