Market rout closes week with Dow drop over 200 points
The Dow Jones industrial average fell more than 200 points in the final hour, wiping out earlier minor losses as traders cited shifts in MSCI index holdings and automated selling programs. The session ended with the index posting May gains overall despite a volatile two weeks.
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Mark Luschini
Janney
Montgomery Scott
Standard & Poor
Consumers cut spending as income stalls in April
Americans reduced spending by 0.2 percent in April as income failed to grow, the Commerce Department said. The dip follows March’s small gain and February’s rise, with lower gas prices and mild weather cited as factors. Inflation-adjusted spending rose 0.1 percent, the smallest since October.
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Paul Ashworth
U.S
Capital Economics
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After Earth opens 4K film push with Will Smith
Sony unveils After Earth as the first in its three 4K releases this year. Journalists note sharper skin details and rocks on screen, but some effects still suffer in ultra HD. Theaters roll out 4K projectors worldwide, with Regal and AMC showing mixed pricing and availability.
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Earth
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