NEW YORK (AP) — Stocks have ended lower following disappointing forecasts from retailers and concern about the government’s financial overhaul.
Nike is lower Thursday after warning higher costs could hurt earnings. Bed Bath & Beyond’s second-quarter earnings estimate missed expectations.
Financial stocks are lower on concerns that a bill being finalized in Congress to overhaul the regulation of the industry could increase costs for banks.
The Dow Jones industrials are down 146 points at 10,153. The Standard & Poor’s 500 index is down 18 at 1,074. The Nasdaq composite index is down 37 at 2,217.
Three stocks fell for every one that rose on the New York Stock Exchange. Volume came to 1.3 billion shares compared with 1.1 billion Wednesday.
