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Markets End the Day Lower

Dow, S&P 500, Nasdaq all close lower
By Newser Editors and Wire Services
Posted Aug 8, 2016 3:03 PM CDT
Markets End the Day Lower
In this Wednesday, May 4, 2016, file photo, trader Edward Curran, right, works near the post that handles CBS Corp. on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks closed lower on Wall Street Monday as investors pulled back from the major indexes' record highs of last week, the AP reports. Consumer-focused and drug company shares weighed on sentiment the most, while energy shares surged along with the price of oil. Bristol-Myers Squibb dropped nearly 5% in a renewal of selling begun Friday, when it said its cancer treatment Opdivo failed a study aimed at extending its usage. Walmart Stores slipped 0.6% after saying it'll pay $3.3 billion in cash and shares for online retailer Jet.com. The Dow Jones industrial average dropped 14 points, or 0.1%, to 18,529. The Standard & Poor's 500 fell 2 points, or 0.1%, to 2,181. The Nasdaq composite fell 8 points, or 0.2%, to 5,213. (Read more Dow Jones stories.)

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