Friday, 12 May 2017

Wall Street slides as investors fret about retail >> Free Trials and more

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US stocks fell on Thursday after worse-than-expected sales drop at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.

Macy's dismal quarterly performance sent its shares tumbling 17 percent, taking a toll on the consumer discretionary sector, which fell 0.59 percent.

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