Dow drops slightly
US investors sold stocks moderately lower today, ending a five-day rally as rising oil prices and disappointing results from Lowes raised concerns about a slowdown in consumer spending.
Lowes, the US’s second-largest home-improvement chain after Home Depot, reported second-quarter profit rose 11%. However, the company cut its full-year earnings outlook on worries that higher energy prices and a sluggish housing market would curb consumers willingness to spend.
The Business Hub
Newsletter
News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.





