Surprisingly Bad News Hit These 2 Stocks Hard Wednesday
Unfortunately, it's been tough for investors to put together more than one day of gains, and the realization that a recession could be more likely is starting to affect market sentiment. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) gave up early gains to finish slightly lower. Altria Group (NYSE: MO) took a hit related to potential regulation that could invalidate a key strategy it has pursued for quite a while now, while Kohl's (NYSE: KSS) might have to overcome the challenges of having a potential buyout bid come in lower than expected.