The Dow 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 a recent batch of corporate quarterly reports, including those of disappearing-message company Snap Inc. , which reported a $2.2 billion net loss late Wednesday. Meanwhile, the S&P 500 index was off 0.6%, while the Nasdaq Composite Index was down 0.7%, retreating from its record close on Wednesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
