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Stocks down slightly after hitting record

A television screen on the trading floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, June 19, 2019. Photo: AP/ Richard Drew
A television screen on the trading floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, June 19, 2019.

June 21, 2019 08:53 AM

The stock market is taking a breather Friday, a day after the S&P 500 index rose to a record high.

The commodities and bond markets are also tame compared with Thursday, when oil jumped more than 5% and the yield on the 10-year Treasury note fell below 2% for the first time since 2016.

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The markets have been reacting to signs the Federal Reserve is willing to cut interest rates if the U.S. economy slumps and heightened tensions between the U.S. and Iran.

The S&P 500 slipped 4 points, or 0.1 percent, to 2,950.

The Dow Jones industrials fell 10 points to 26,742. The Nasdaq dipped 26 points, or 0.3%, to 8,025.

Bond prices fell. The yield on the 10-year Treasury rose to 2.04%. Oil rose slightly.

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Credits

The Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

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