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Stocks fall modestly, led by energy companies' slide

Stocks fall modestly, led by energy companies' slide

Major U.S. stock indexes moved lower in afternoon trading Tuesday, on course for their third drop in a row. Energy stocks led the decline as a slide in oil prices accelerated. Investors were weighing the latest batch of company earnings news and looking ahead to Federal Reserve Chair Janet Yellen’s two days of testimony before Congress, which begin Wednesday. European markets fell following steep losses in Japan.

The Dow Jones industrial average was down 87 points, or 0.5%, to 15,939 as of 1:26 p.m. Eastern Time. The Standard & Poor's 500 index fell 11 points, or 0.6%, to 1,842. The Nasdaq composite fell 47 points, or 1.1%, to 4,236. Stocks posted steep slides Monday and...

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