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Friday
Dec222017

US stocks close mostly lower, bitcoin plunges

iStock/Thinkstock(NEW YORK) -- U.S. stocks closed mostly in the red ahead of the holidays next week.

The Dow Jones Industrial Average dropped 28.23 (-0.11 percent), finishing the session at 24,754.06.

The Nasdaq slid 5.40 (-0.08 percent) to close at 6,959.96, while the S&P 500 finished trading at 2,683.34, down 1.23 (-0.05 percent) for the day.

Crude oil was selling about 0.10 percent lower at $58.30 per barrel.

Despite reaching record highs earlier this week, bitcoin tumbled more than 30 percent by Friday morning. The crypto-currency regained some of its losses by the afternoon however, and was down about 10 percent.

Winners and Losers:  Shares of XPO Logistics soared 14.39 percent on a report Home Depot is considering buying the logistics company.

The founder and face of Papa John's Pizza, John Schnatter, is stepping down as CEO following backlash over his comments on the NFL protests. Shares of the pizza chain sunk 3.93 percent.

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