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July 5, 2018

Stocks close lower ahead of holiday

AP Business Writer

U.S. stocks closed lower Tuesday as a swift sell-off in the final minutes of trading wiped out earlier gains and snapped a three-day winning streak for the market.

Technology companies and banks led the market slide, outweighing gains in health care and energy stocks. The Dow Jones Industrial Average and S&P 500 each fell 0.5 percent. The Nasdaq composite fell nearly 1 percent, while smaller companies bucked the trend with modest gains.

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