Business Standard

Wall Street ends lower; retail shares sell off

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks ended lower on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in department store shares and stirred fears that consumers are not spending enough to drive strong economic growth.

Based on the latest available data, the Dow Jones Industrial Average <.DJI> fell 23.21 points, or 0.11 percent, to 20,919.9, the S&P 500 <.SPX> lost 5.13 points, or 0.21 percent, to 2,394.5 and the Nasdaq Composite <.IXIC> dropped 13.18 points, or 0.22 percent, to 6,115.96.

(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

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First Published: May 12 2017 | 1:34 AM IST

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