Thursday, May 11, 2017

Dow threatens biggest one-day slide in about 7 weeks

The Doe Jones Industrial Average on Thursday was flirting with its steepest daily decline in four weeks, with losses for the price-weighted blue-chip gauge led by drops in shares of DuPont Inc. , Home Depot , and UnitedHealth Group . More than 20 of the Dow's 30 components were in negative territory pushing it down 143 points, or 0.7% at its low, putting it on pace for its worst daily drop since March 21, according to FactSet data. Market participants were attributing the slide to weakness in recent batch of corporate quarterly reports, including those of disappearing-message company Snap......(read more)
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