Stocks slide on Wall Street

Warnings of weaker profits helped pull the US stock market down yesterday, despite some positive economic news.

Stocks slide on Wall Street
Wed, 07 Aug, 2013 - 10:23

Warnings of weaker profits helped pull the US stock market down yesterday, despite some positive economic news.

American Eagle plunged 12% after the retailer slashed its earnings forecast in half on Monday, blaming weak sales. The company said cutting prices on clothing to lure in shoppers was hitting its profit margins.

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CourtsBusinessHeathrowPlace: USPerson: Cam AlbrightPerson: Charles EvansOrganisation: Wall StreetOrganisation: American EagleOrganisation: Abercrombie & FitchOrganisation: Urban OutfittersOrganisation: eBayOrganisation: MarriottOrganisation: Wilmington Trust Investment AdvisorsOrganisation: DowOrganisation: NasdaqOrganisation: IBMOrganisation: Credit SuisseOrganisation: SOrganisation: S&POrganisation: Federal ReserveOrganisation: FedOrganisation: Federal Reserve Bank of Chicago
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