☰

Telecomunicaciones y tecnología

Wall Street loses ground on recovery worry


    NEW YORK (Reuters) - The Dow and the S&P 500 dropped to session lows on Tuesday, while the Nasdaq trimmed gains, as investors worried that the economic recovery's pace might not be as strong as initially hoped.

    * While a rebound in May housing starts pointed to some stabilization in that sector and a smaller-than-expected rise in producer prices suggested inflation pressures were muted, another report showed industrial production logged a steeper-than-expected slide last month.

    * Mixed quarterly results from Best Buy Co Inc , the largest U.S. consumer electronics retailer, also fueled some caution. The stock was off nearly 7 percent at $36.12.

    * The Dow Jones industrial average dropped 28.34 points, or 0.33 percent, to 8,583.79. The Standard & Poor's 500 Index dropped 2.23 points, or 0.24 percent, to 921.49. But the Nasdaq Composite Index gained 2.51 points, or 0.14 percent, to 1,818.89.

    (Reporting by Ellis Mnyandu; Editing by Jan Paschal)