Falling prices for oil, metals sink energy and mining stocks
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U.S. stocks are sliding into the close as the market gives back all of its big gain from the day before.
Steep drops in energy prices and metals Thursday pulled down the stocks of oil and gas producers and mining companies.
Chevron lost 3 percent and Newmont Mining skidded 8 percent.
The Dow Jones industrial average fell 253 points, or 1.4 percent, to 17,495.
The Standard & Poor’s 500 index lost 31 points, or 1.5 percent, to 2,041. The Nasdaq composite declined 68 points, or 1.4 percent, to 5,002.
The dollar rose against other currencies a day after the Federal Reserve raised interest rates for the first time since the financial crisis.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.23 percent.
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