Stocks Slide Futher Following Global Market Slump
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iStock/Thinkstock(NEW YORK) –- Two of the three major indecies on Tuesday slid further off last week’s record highs, following a slump in global markets.
The Dow Jones Industrial Average closed down 51.28 points, ending at 17,801.20 and the S&P 500 dropped 0.49 to 2,059.82.
The Nasdaq closed at 4,766.47 — 25.77 points higher than it opened.
Stocks of teen apparel company Abercrombie & Fitch rose $1.77, or 7 percent, to $28.13 after the company said its CEO, Mike Jeffries, is retiring immediately.
Hallmark has removed a blue-and-silver roll of gift wrap from circulation after a customer complained that she saw a swastika embedded in the design.
The Kansas City, Missouri-based company alerted retailers to the problem after receiving a complaint Sunday night from a Walgreens customer in Northridge, California. The disputed wrap was in a Hannukah display but a Hallmark spokeswoman says it was not intended for Hannukah.
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