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NEW YORK (AP) — The Dow Jones industrial average fell 222.77 points, to 1.4 percent, to 15,944.46. A large chunk of that loss belonged to Apple and to Boeing, which gave a disappointing 2016 outlook and suffered its biggest one-day loss in 14 years. The Standard & Poor's 500 index sank 20.68 points, or 1.1 percent, to 1,882.95. The slump in tech stocks hammered the Nasdaq composite index, which lost 99.51 points, or 2.2 percent, to 4,468.17.
WASHINGTON (AP) — The Labor Department reports today on last week's jobless claims, Freddie Mac releases the weekly mortgage rates and the National Association of Realtors issues its pending home sales index for December. Alibaba, Altria, Ford and Caterpillar report earnings before the market opens. Amazon. Amgen. Microsoft and Visa report results after the closing bell.
SAN FRANCISCO (AP) — Facebook's fourth-quarter report marks the first time that its quarterly revenue has surpassed $5 billion. Facebook CEO told analysts in a conference call that he's "excited about our progress and the chance to build something great for the future."
WASHINGTON (AP) — Officials say a U.N. aviation panel is recommending a ban on shipping rechargeable lithium batteries as cargo on passenger airliners. There are concerns the batteries can create fires capable of destroying planes.
JAKARTA, Indonesia (AP) — Indonesia's state-owned telecommunications company says it's blocked the Internet video service Netflix in a possible setback to the U.S. company's expansion in Asia. The company says it's blocking Netflix because it lacks a permit to operate in Indonesia.
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