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Back to Home » January 2017 News » US stocks slump as banks slump and department stores dive |
US stocks slump as banks slump and department stores dive |
January 06, 2017
NEW YORK (AP) -- Stocks are slumping Thursday as interest rates drop and banks take sharp losses. Department stores and mall operators are tumbling as Macy's and Kohl's both plunged following weak holiday-season reports that led the chains to cut their profit forecasts. Macy's also said it will eliminate 10,000 jobs as it continues to close stores....
Source URL: http://hosted.ap.org/dynamic/stories/F/FINANCIAL_MARKETS?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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