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Dow Jones Fails to Reach 20K Thursday

Thanks to retailers losing ground
By Newser Editors and Wire Services
Posted Dec 22, 2016 3:11 PM CST

(Newser) – Stocks are ending slightly lower on Wall Street as a number of retailers lose ground, the AP reports. Bed Bath & Beyond slumped 9% Thursday after reporting weak results, while Chinese e-commerce company Alibaba is down after US regulators again sanctioned the company for sales of counterfeit goods. Software company Red Hat plunged 14% after reporting weak results.

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The Dow Jones industrial average slipped 23 points, or 0.1%, to 19,918. The Standard & Poor's 500 index lost 4 points, or 0.2%, at 2,260. The Nasdaq composite fell 24 points, or 0.4%, to 5,447. Bond prices fell. The yield on the 10-year Treasury note rose to 2.55%. (Read more stock market stories.)

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