It's a Down Day for Stocks, Brutal for One Retailer

Urban Outfitters plunges 15.2%
By Newser Editors and Wire Services
Posted Nov 20, 2019 3:19 PM CST

(Newser) – Stocks are closing lower on Wall Street as investors worry that the US and China may not reach a trade deal this year, the AP reports. Technology and communications stocks helped pull the market lower Wednesday. Analog Devices, a chipmaker, fell 2.8%. AT&T lost 2.2%. Several retailers made big moves after reporting their latest quarterly results. Urban Outfitters plunged 15.2% after reporting earnings that missed estimates. Target jumped 14.1% after its results beat forecasts. Energy stocks rose as the price of crude oil jumped more than 3%. ConocoPhillips rose 3.8%.

story continues below

The S&P 500 fell 11 points, or 0.4%, to 3,108. The Dow Jones Industrial Average fell 112 points, or 0.4%, to 27,821. The Nasdaq lost 43 points, or 0.5%, to 8,526. Bond prices rose. The yield on the 10-year Treasury fell to 1.73%.

(Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.