Signs of weak holiday spending send retail stocks lower
By KEN SWEET, Associated Press
Nov 30, 2015 3:11 PM CST
FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange, in New York. Global stock markets were mostly lower Monday, Nov. 30, 2015, as investors looked ahead to this week's public appearances by the U.S. Federal Reserve chief for signs of whether the central...   (Associated Press)

NEW YORK (AP) — Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday.

Macy's and Kohl's each fell 2 percent Monday, while Target fell 1 percent, more than the rest of the market.

Health care stocks also took a tumble. Drugmakers Celgene and AbbVie each fell 3 percent.

The Dow Jones industrial average gave up 78 points, or 0.4 percent, to 17,719.

The Standard & Poor's 500 index lost nine points, or 0.5 percent, to 2,080. The Nasdaq composite gave up 18 points, or 0.4 percent, to 5,108.

Bond prices rose slightly. The yield on the 10-year Treasury note edged down to 2.21 percent.