U.S. stocks closed with losses for the third consecutive session, as weak earnings from companies such as Caterpillar and 3M weighed on sentiment. The S&P 500 fell 12 points, or 0.6%, to 2,102.15. The Nasdaq Composite dropped 25.36 points, or 0.5%, to 5,146.41. The Dow Jones Industrial Average declined 119.09 points, or 0.7%, to 17,731.95, falling below its 200-day moving average – a key technical level.
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