Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — The Dow Jones industrial average has dropped more than 200 points after disappointing economic news and a couple bad earnings reports from retailers.
The blue-chip index was down as much as 204 points or 1.2 percent, to 16,409.82 at midday Thursday. The Dow has fallen more than 300 points since the start of trading Wednesday.
The broader Standard & Poor's 500 index slid 23 points, or 1.2 percent, to 1,865. The Nasdaq lost 55 points, or 1.4 percent, to 4,045.
Wal-Mart Stores fell $1.90 to $76.84 after it reported a lower profit in its most recent quarter. Department store operator Kohl's also fell after reporting a drop in earnings.
The yield on the 10-year Treasury note below 2.4 for the first time this year
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
