Dow closes down over 200 points after record drop in US GDP

New York, July 31 : Wall Street’s major averages closed mostly lower after data showed the US economy contracted massively in the second quarter. On Thursday, the Dow Jones Industrial Average decreased 225.92 points, or 0.85 per cent, to end at 26,313.65, after dropping more than 500 points earlier in the session. The S&P 500 fell 12.22 points,...