Loading…
Wednesday, April 16, 2014
Current Weather
Loading Current Weather....
Published: 1/9/2014

U.S. stocks fall for a second day

Retailers Bed Bad & Beyond, Family Dollar slump

ASSOCIATED PRESS

NEW YORK — Stocks are lower in midday trading as traders reacted to disappointing news out of the retail industry.

The Dow Jones industrial average was down 48 points, or 0.3 percent, at 16,414 as of noon today.

The Standard & Poor’s 500 index fell four points, or 0.2 percent, to 1,833. The Nasdaq composite lost 16 points, or 0.4 percent, to 4,149.

Bed Bath & Beyond and Family Dollar plunged after cutting their earnings forecasts following a disappointing holiday season. They were the biggest decliners in the S&P 500.

The bleak outlooks outweighed some encouraging news on the job market. The number of Americans seeking unemployment benefits fell by 15,000 last week, more than economists were expecting.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories