U.S. stocks closed modestly lower on Thursday, with energy stocks leading the decline as crude-oil prices fell. The Dow Jones Industrial Average
fell 0.3% to 24,811. The S&P 500
slid 0.2% to 2,728. The Nasdaq Composite Index
fell less than 0.1% to 7,424. By far, the weakest sector of the day was energy, which fell 1.7% alongside a 1.6% drop in the price of crude oil. Exxon Mobil Corp.
fell 2.3% while Chevron Corp.
was off 1.7%. Both stocks are Dow components. Sentiment weakened after President Donald Trump canceled a planned meeting with North Korea, adding a new element of geopolitical uncertainty into the market. Major indexes ended off their lows of the session, but trading was largely driven by the news of the cancelled summit, which added another question mark to a market already grappling with uncertainty related to trade policy and the Middle East.
Quote References DJIA -75.05 -0.30% SPX -5.53 -0.20%