Wall Street closed lower in another day of choppy trading, remaining on pace for a weekly loss after several days of declines.
Losses in technology and retail stocks outweighed gains in communications and other sectors. The S&P 500 lost nearly 1 percent Wednesday after wavering between gains and losses. The Dow Jones Industrial Average and Nasdaq composite also lost ground.
Bed Bath & Beyond lost almost a quarter of its value after announcing a major restructuring and a stock sale. The market closed August broadly lower after surging in July.
On Wednesday (Aug. 31): The S&P 500 fell 31.16 points, or 0.8 percent, to 3,955.
The Dow Jones Industrial Average fell 280.44 points, or 0.9 percent, to 31,510.43.
The Nasdaq fell 66.93 points, or 0.6 percent, to 11,816.20.
The Russell 2000 index of smaller companies fell 11.48 points, or 0.6 percent, to 1,844.12. For the week:…