Stocks lost ground for a second-straight session, with the Dow Industrials dropping 43 points. The Nasdaq Composite fell 29, while the S&P 500 slipped 5.
Shares of Dave & Buster’s tumbled 22%. The restaurant and entertainment chain late yesterday reported weaker-than-expected quarterly earnings and revenue and also trimmed its full-year forecast.
Oil futures tumbled today after government data revealed a second-straight weekly rise in domestic crude-oil inventories. July crude skidded $2.13, or 4%, to settle at $51.14 a barrel - the lowest settlement price in five months.
The slide in oil prices weighed on energy companies. Stock of Dow components ExxonMobil and Chevron dipped about 1% each.
Word today that New Orleans has been awarded $12.5 million in federal funding to elevate dozens of homes that have repeatedly experienced severe flooding. Twenty-two of those homes are on the National Register of Historic Places.