Stock prices slipped early Wednesday after the
Investors also were assessing the surprise primary defeat of Rep.
As of 7:15 a.m. Pacific, the Dow Jones industrial average was off 76.10 points, or 0.5%, at 16,869.83. The blue-chip indicator has declined only one day this month after falling on only seven of 21 trading days in May.
Airline stocks were lower Wednesday, with
The World Bank cut its outlook for global growth this year to 2.8% from 3.2% in January. Growth of less than 3% is generally considered to be subpar.
The U.S. is expected to expand at a tepid rate of 2.1%, down from the previous estimate of 2.8%. China is projected to expand at a 7.6% clip, down from 7.7%.