NEW YORK — U.S. stocks drifted lower as investors await a trove of labor market data this week. The S&P 500 fell 0.2% in early trading Tuesday. The Dow Jones Industrial Average fell 148 points, and the Nasdaq slipped 0.1%. A handful of companies are still reporting earnings. Designer Brands, the owner of Designer Shoe Warehouse, sank 20% after after its first-quarter profit came in below forecasts.
Designer Brands, the owner of Designer Shoe Warehouse store chain, slipped more than 9% after its first-quarter profit came in below analyst forecasts. Elsewhere, India’s Sensex dropped as much as 8% early as investors who had bought shares after exit polls showed Prime Minister Narendra Modi winning a third term sold to lock in profits.
In midday European trading, Germany's DAX fell 0.7%, the CAC 40 in Paris lost 0.4% and Britain's FTSE 100 declined 0.3%.
Source: News Formal (newsformal.com)
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