While you were sleeping Wall Street tumbles

Thu, 10 Apr 2014

By Margreet Dietz April 11 (BusinessDesk) – Wall Street slumped as investors sold, yet again, biotech and internet stocks heading into the quarterly US earnings season, while Bed Bath & Beyond shares took a beating following disappointing results. Shares of Bed Bath & Beyond plunged 6 percent after the company reported quarterly earnings and provided an outlook that both fell short of expectations. In afternoon trading in New York, the Dow Jones Industrial Average dropped 1.35 percent, the Standard & Poor’s 500 Index shed 1.59 percent, whil...

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