Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week.
The S&P 500 fell 1.1% on Thursday. The benchmark index is down for the week following the biggest pullback for the market in more than two years on Tuesday.
Railroad operators were mostly higher after a tentative labor agreement was reached, averting a strike across the country that could have been devastating to the economy. Software maker Adobe fell sharply after announcing a $20 billion acquisition of a design company and issuing a disappointing revenue forecast for the current quarter.
On Thursday:
The S&P 500 fell 44.66 points, or 1.1%, to 3,901.35.
The Dow Jones Industrial Average fell 173.27 points, or 0.6%, to 30,961.82.
The Nasdaq fell 167.32 points, or 1.4%, to 11,552.36.
The Russell 2000 index of smaller companies fell 13.23 points, or 0.7%, to 1,825.23.
For the week:
The S&P 500 is down 166.01 points, or 4.1%.
The Dow is down 1,189.89 points, or 3.7%.
The Nasdaq is down 559.95 points, or 4.6%.
The Russell 2000 is down 57.61 points, or 3.1%.
For the year:
The S&P 500 is down 864.83 points, or 18.1%.
The Dow is down 5,376.48 points, or 14.8%.
The Nasdaq is down 4,092.61 points, or 26.2%.
The Russell 2000 is down 420.08 points, or 18.7%.
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