Tag: two-day rally

Wall St. slips after two-day rally; energy shares drop

By Akane Otani NEW YORK Tue Aug 12, 2014 5:14pm EDT (Reuters) – U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices. The pullback occurred on light volume typical of mid-August. Traders rushed to sell the stock of handbag and accessory maker and retailer Kate Spade & Co, which plummeted 25.4 percent to close at $29.00 in its busiest day of trading ever with 52 million […]