GLOOMY

Dow, NASDAQ Sink at Close

Richard Drew / AP Photo

Summer is off to a dismal start for investors on Wall Street, who are likely damning that old adage to “sell in May and go away.” The Dow and NASDAQ closed down dramatically on Thursday, with both stocks logging their worst monthly performances in two years. Europe’s debt crisis and Facebook’s IPO disaster both contributed to tumbling stocks, sending investors scrambling to put their money in U.S. government bonds.