clear
Tuesday May 24th, 2016 7:33PM

Stocks slide as investors anticipate Fed exit; Dow down 104

By The Associated Press
NEW YORK (AP) -- Stocks closed lower on Wall Street as prospects for a budget deal and more signs of a U.S. recovery suggest that the Federal Reserve may wind down its support for the economy.

The Dow Jones industrial average slumped 104 points, or 0.7 percent, to 15,739 Thursday. The Dow has fallen eight of the last ten days.

The Standard & Poor's 500 index lost six points, or 0.4 percent, to 1,775. The Nasdaq composite edged down five points, or 0.1 percent, to 3,998.

The average number of Americans seeking unemployment benefits rose to about where it was before the recession. Also, U.S. shoppers spent more last month.

Facebook rose 5 percent after the stock was added to the S&P 500 index. Lululemon plunged 12 percent after forecasting weak sales.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 2 years ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 2 years ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 2 years ago )
U.S. News
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 2 years ago )
Amtrak to suspend some Crescent service in Jan., Feb.
Amtrak service will shut down in parts of the Southeast for several days in January and February for rail maintenance by Norfolk Southern Railway.
9:00AM ( 2 years ago )
Lung cancer scans urged for some smokers, not all
Certain current or former heavy smokers should start getting yearly scans for lung cancer to cut their risk of death from the nation's top cancer killer, government advisers said Monday - even as they stressed that the tests aren't for everyone.
7:26AM ( 2 years ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 2 years ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 2 years ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 2 years ago )
Local/State News
PHOTO GALLERY: Election day sights around Hall County, North Georgia
Check out a few photos from our news coverage area for the May 24, 2016 General Primary election.
10:00PM ( 2 hours from now )
Atlanta selected to host Super Bowl thanks in large part to stadium investment
The NFL awarded Super Bowls to Atlanta, Miami and Los Angeles, three cities that made significant financial investments in new stadiums or recently upgraded an existing one.
By The Associated Press
4:21PM ( 3 hours ago )
Unicoi offering aerial adventure park beginning Thursday
Just in time for summer, Unicoi State Park and Lodge has rolled out its new aerial adventure park.
3:03PM ( 4 hours ago )
Self-control urged, as ballot selfies are banned in Georgia
​State election officials are taking to social media, warning Georgia voters to resist the urge to snap photos, or ``selfies,'' inside voting booths.
1:24PM ( 6 hours ago )
NGMC Braselton President gives first year recap
Northeast Georgia Medical Center Braselton President Anthony Williamson said he would speak loudly in order to compete with the noise of construction crews outside the windows behind him. That sort of challenge expresses in a nutshell the story of the new hospital’s burgeoning inaugural year.
11:15AM ( 8 hours ago )