Wall Street closed lower in another day of choppy trading, remaining on pace for a weekly loss after several days of declines.
Losses in technology and retail stocks outweighed gains in communications and other sectors. The S&P 500 lost nearly 1 percent Wednesday after wavering between gains and losses. The Dow Jones Industrial Average and Nasdaq composite also lost ground.
Bed Bath & Beyond lost almost a quarter of its value after announcing a major restructuring and a stock sale. The market closed August broadly lower after surging in July.
On Wednesday (Aug. 31):
- The S&P 500 fell 31.16 points, or 0.8 percent, to 3,955.
- The Dow Jones Industrial Average fell 280.44 points, or 0.9 percent, to 31,510.43.
- The Nasdaq fell 66.93 points, or 0.6 percent, to 11,816.20.
- The Russell 2000 index of smaller companies fell 11.48 points, or 0.6 percent, to 1,844.12.
For the week:
- The S&P 500 is down 102.66 points, or 2.5 percent.
- The Dow is down 772.97 points, or 2.4 percent.
- The Nasdaq is down 325.51 points, or 2.7 percent.
- The Russell 2000 is down 55.72 points, or 2.9 percent.
For the year:
- The S&P 500 is down 811.18 points, or 17 percent.
- The Dow is down 4,827.87 points, or 13.3 percent.
- The Nasdaq is down 3,828.77 points, or 24.5 percent.
- The Russell 2000 is down 401.20 points, or 17.9 percent.
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