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Dow Ends Day Down 28

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Aug 24, 2017 3:11 PM CDT

(Newser) – A steep drop-off in grocery store operators helped pull stock indexes slightly lower after a day of up-and-down trading, the AP reports. Kroger dropped 8.1% Thursday after Whole Foods Market said its deal to be acquired by Amazon would close on Monday and that the store would begin cutting prices immediately. Costco lost 5%. Food companies slumped after the makers of Spam and Folgers coffee reported weak results. Hormel lost 5.4% and J.M. Smucker fell 9.5%. The Standard & Poor's 500 index lost 5 points, or 0.2%, to 2,438. The Dow Jones industrial average gave up 28 points, or 0.1%, to 21,783. The Nasdaq fell 7 points, or 0.2%, to 6,271. Small-company stocks rose. The Russell 2000 index climbed 4 points, or 0.3%, to 1,373. (Read more stock market stories.)

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