Optimum Customers: Your Newsday access has been extended until Oct 1st. Enroll now to continue your access.

LEARN MORE
TODAY'S PAPER
65° Good Morning
65° Good Morning
Business

U.S. market indexes slump, extending declines to a 3rd day

The Associated Press

U.S. stock indexes are closing lower, bringing the market further below record highs reached earlier this month.

Kraft bucked the trend, soaring 36 percent Wednesday after reaching a deal to be acquired by Heinz.

The Standard & Poor's 500 fell dropped 30 points, or 1.5 percent, to 2,076. The index is 2.6 percent below the all-time high it reached March 2.

The Dow Jones industrial average lost 292 points, or 1.6 percent, to 17,718. The Nasdaq slid 118 points, or 2.4 percent, to 4,876.

Nine of the 10 industry sectors in the S&P 500 index fell. Energy was the only sector to rise, helped by a gain in the price of crude oil.

Bond prices fell. The yield on the 10-year Treasury rose to 1.93 percent.

More news

Important message for Optimum customers

Your Newsday digital access is changing as of 10/1

You recently received an email from Optimum’s parent company, Altice USA, informing you that Altice will no longer offer free Newsday digital access with Optimum's online service. Through an exclusive trial offer for Optimum customers, Newsday is pleased to extend your digital access at no cost until the end of the year.

I understand, no thanks