Standard & Poor’s
U.S. stocks took it on the chin for a third session in a row on Monday, after an attempted bounce-back lost steam, leaving the Standard & Poor’s 500 Index in a correction.
Dallas-based Southwest Airlines Co. on Thursday reported second-quarter profit of $608 million.
Stocks are moving sharply higher on Wall Street after lawmakers reached a last-minute budget agreement to avert sweeping tax increases and cuts to government spending programs.
J.C. Penney Co. executives may be confident in the department-store chain’s everyday pricing strategy, but investors are panicking. The Plano-based company’s stock fell nearly 11 percent on Monday.
Stocks are plummeting at the close after anxiety overtook investors on the first trading day since Standard & Poor’s downgraded American debt.