Disappointing retail earnings drag US stocks lower

Disappointing quarterly results from Macy's, Kohl's and other big department store chains put investors in a selling mood, sending US stocks lower.

Disappointing retail earnings drag US stocks lower
Thu, 11 May, 2017 - 23:27

Disappointing quarterly results from Macy's, Kohl's and other big department store chains put investors in a selling mood, sending US stocks lower.

Stocks in the consumer discretionary sector, which includes many retailers, slumped the most. Macy's plunged 14%. Kohl's, Dillard's and Nordstrom also fell sharply.

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CourtsHeathrowPlace: USPlace: EuropePlace: AsiaPlace: JapanPlace: South KoreaPlace: Hong KongPerson: KohlOrganisation: Macy'sOrganisation: Kohl'sOrganisation: Dillard'sOrganisation: NordstromOrganisation: New York Stock ExchangeOrganisation: NasdaqOrganisation: MacyOrganisation: Wall StreetOrganisation: DillardOrganisation: J C PenneyOrganisation: Wal-Mart StoresOrganisation: TargetOrganisation: Home DepotOrganisation: CFRA ResearchOrganisation: SnapchatOrganisation: SnapOrganisation: AP
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