Wall Street drops as Disney, Macy's weigh on consumer stocks

The stock was the biggest drag on the Dow, accounting for about 35 points of the index's 80 points fall. Macy's sank 7.8 percent to $34.14 after the department store operator slashed its full-year sales forecasts. All the 10 major S&P sectors were lower, with the consumer discretionary index's 1.38 percent fall leading the decliners.