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Dow Ends Day Down 221

Stocks slide again on Wall Street
By Newser Editors and Wire Services
Posted May 29, 2019 3:04 PM CDT
Trader Peter Tuchman works on the floor of the New York Stock Exchange, Wednesday, May 29, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks slid again on Wall Street, putting the market closer to its first monthly loss of the year, the AP reports. Bond prices continued to rise Wednesday as investors worried about slower economic growth and parked money in lower-risk assets. Technology and communications companies took some of the heaviest losses, as did health care stocks. Luxury coat maker Canada Goose plunged 30.9% after issuing a sales forecast that was far below what investors were expecting. Abercrombie & Fitch sank 26.5% after it also issued a weak forecast. The S&P 500 lost 19 points, or 0.7%, to 2,783. It's down 5.5% so far in May, with two trading days left in the month. The Dow Jones Industrial Average fell 221 points, or 0.9%, to 25,126. The Nasdaq fell 60 points, or 0.8%, to 7,547. (Read more stock market stories.)

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