Wall St rally ends as financial shares slide


The Dow Jones Industrial Average fell 173.35 points, or 0.66%, to 25,962.44, the S&P 500 lost 23.14 points, or 0.79%, to 2,900.51 and the Nasdaq Composite dropped 54.25 points, or 0.68%, to 7,948.56. Shares of Netflix Inc fell 3.4% after Walt Disney Co announced its streaming service would launch in Canada and the Netherlands in November.

NEW YORK: Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.

The S&P 500 financial index <.SPSY> dropped 1.4% and the group weighed most heavily on the benchmark index among its major sectors, which all registered losses.

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