Inventories tended to end lower after data showed that the US economy has contracted the sharpest since at least the late 1940s in the second quarter and as the number of people applying for jobs increased. The technically heavy Nasdaq Composite COMP,
however, shook off the weakness and ended up about 45 points higher, up 0.4%, nearly 10,588 for the bubble win of a number of high flyers, including Facebook Inc. FB,
Apple Inc. AAPL,
Google parent Alphabet Inc. Oog,
and Amazon.com Inc. The Dow Jones Industrial Average DJIA,
fell around 224 points, or 0.8%, to finish at 26,315, while the S&P 500 SPX,
lost about 12 points, or 0.4%, and closed near 3,246.