Stock Market Today: May 24, 2018
Harvey S. Katz, CFA and Adam Rosner | 05/24/2018
The stock market lost considerable ground this morning, but managed to pare its losses in the afternoon. Some of the weakness earlier in the day had to do with the Presidential Administration’s decision to cancel its planned June summit with North Korea. At the close of trading, the major averages were still in negative territory. The Dow Jones Industrial Average was down 75 points; the broader S&P 500 Index was off nearly six points, and the technology-heavy NASDAQ was lower by one point.