Dow Closes Lower; Best Buy Sales Hurt Stock

Business

0  Updated at 3:01 pm, August 21st, 2012 By: ABC Digital
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Hemera/Thinkstock(NEW YORK) — Stocks finished the day lower after posting early gains Tuesday.  The markets fell off for the second day in a row with the Dow seeing its largest decline in nearly three weeks, the Wall Street Journal reports.
 
The Dow closed down 68 points, closing at 13,203. The Nasdaq lost nine points to end the session at 3,067. The S&P gave up five points at 1,413.
 
Best Buy’s shares fell Tuesday after reporting more bad news.  The nation’s largest consumer electronics retailer withdrew its full-year earnings guidance after reporting a 90-percent drop in net income in the second quarter. The stock, which had been off about ten percent, is now down less than a point.
 
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