Dow slips again; S&P, Nasdaq rebound
A Wall Street sign is seen at an entrance to the New York Stock Exchange. The U.S. housing market will be in focus the week of Sept. 23, 2013, with Standard & Poor's/Case-Shiller home price index being released Tuesday, along with earnings from major builders. (May 11, 2007) Credit: AP
It's been a chilly August for the stock market.
At the start of the month, the Dow Jones industrial average and Standard & Poor's 500 index hit all-time highs. Now the market is down 4 percent from its peak, and August is on track to be the Dow's worst month since May 2012.
Tuesday, the Dow posted its fifth straight day of losses, the first time that's happened this year. While the S&P 500 and Nasdaq composite index did rise modestly, it was the first time in four days those indexes have seen gains.
At Tuesday's close, the Dow fell 7.75 points to 15,002.99. The S&P was up 0.38 percent to 1,652.35. The Nasdaq composite was up 0.68 percent to 3,613.59.
Best Buy and Urban Outfitters rose sharply, leading the retail sector higher.
Urban Outfitters was up $3.27 at $43.19. The Philadelphia-based teen retailer reported a 25 percent surge in second-quarter income as sales rose across nearly all its brands.
Best Buy closed up $4.07 at $34.80. The electronics retailer said it earned 32 cents per share in the last three months, much better than the 12 cents per share financial analysts expected. Most of the growth came from cutting costs and focusing on online sales. -- AP
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
