Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 20 | Friday, May 13, 2016

Stocks sink, erasing a day-earlier rally

Print | Front Page | Email this story

NEW YORK (AP) — Stocks closed lower on Wall Street, undoing a rally from the day before.

Consumer goods companies and utilities fell the most Tuesday. Kraft Heinz dropped 4 percent and Consolidated Edison fell 2 percent.

The losses were broad. Nine of the 10 sectors of the Standard and Poor's 500 index fell. Energy stocks rose along with the price of crude oil.

LendingClub plunged another 9 percent after the Department of Justice opened an investigation into the company, which forced out its founder last week.

The Dow Jones industrial average lost 180 points, or 1 percent, to 17,529. The Standard & Poor's 500 index gave up 19 points, or 0.9 percent, to 2,047. The Nasdaq composite index pulled back 59 points, or 1.3 percent, to 4,715.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0