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...Macy’s and Kohl’s were the biggest decliners on the S&P 500 for the day and the results weighed on the broader S&P 500 retailing industry group, sending it 2.4 per cent lower....
...S&P is forecasting double-digit declines in first-quarter earnings for department store operators and big box retailers....
...Retail Reits left reeling Real estate investment trusts that own and operate retail properties, like shopping malls, were among the worst-performing industry groups on the S&P 500 index this week....
...Elsewhere, the S&P 500 materials sectors rallied 1.4 per cent, outpacing the broader market, as the price of copper rose to the highest level of 2016....
...Rival chains fell on Monday, with Dillard’s down 0.3 per cent to $92.51 and Sears Holdings dropping 2.2 per cent to $26.71....
...“Our checks suggest inventory for Michael Kors is building at retailers like Macy’s & Dillard’s,” Erinn Murphy, an analyst at Piper Jaffray said....
...JC Penney shares rose 5.5 per cent to $8.52, while shares in rival department store Dillard’s remained little changed....
...The S&P 500 slid 0.6 per cent to 2,067.64, the Dow Jones Industrial Average declined 0.7 per cent to 17,440.59. The Nasdaq Composite fell 1 per cent to 5,039.78....
...The S&P 500, which had its biggest rally in a month on Wednesday, rose 0.2 per cent to 2,108.86 while the Dow Jones Industrial Average gained 0.2 per cent to 18,039.37....
...(FT) Markets Data 05:34 BST Asian markets Nikkei 225 up +94.89 (+0.47%) at 20,078 Topix up +10.87 (+0.67%) at 1,630 Hang Seng down -26.28 (-0.09%) at 28,407 US markets S&P 500: -0.41% at 2,109 DJIA down...
...(FT) Markets Data 05:32 BST Asian markets Nikkei 225 down -397.27 (-1.98%) at 19,662 Topix down -35.12 (-2.16%) at 1,592 Hang Seng down -264.05 (-0.93%) at 28,136 US markets S&P 500: -0.37% at 2,107 DJIA...
...The S&P 500 closed 0.1 per cent higher at 2,039.68, the Dow Jones Industrial Average was flat at 17,614.90. The Nasdaq Composite rose 0.2 per cent to 4,660.56....
...The S&P 500 ended the session flat at 2,039.82, the Dow Jones Industrial Average fell 0.1 per cent to 17,634.74 and the Nasdaq Composite rose 0.2 per cent to 4,688.54....
...Shares of Nordstrom declined 5 per cent to $65.11, Macy’s fell 1 per cent to $57.45, Sears fell 2 per cent to $35.16 and Dillard’s, which also reported results, fell 8 per cent to $106.11....
...The S&P 500 gained 0.1 per cent to 2,039.33, while the Dow Jones Industrial Average advanced 0.2 per cent to 17,652.79. The Nasdaq Composite climbed 0.1 per cent to 4,680.14....
...Since the start of July, utilities have lagged behind all others on the benchmark S&P 500, falling 5.2 per cent....
...By close the S&P 500 rose 0.3 per cent to 1,992.37, while the Dow Jones Industrial Average gained 0.4 per cent to 17,039.49. The Nasdaq Composite added 0.1 per cent to 4,532.10....
...In the past three years the shares have returned nearly 250 per cent versus the S&P 500’s 50 per cent....
...The benchmark S&P 500 lost 1.8 per cent to 1,487.85, reaching its lowest level since January 18 and recording its worst loss since November 7....
...That includes companies such as Macy’s, Sears, Kohl’s, JC Penney and Dillard’s, which saw large gains on Monday after recent weakness....
...P 500 down -0.83% at 1,546 Bovespa down -0.81% at 55,577 Asia Nikkei 225 down -2.35% at 12,339 Topix down -1.85% at 1,039 Hang Seng down -0.50% at 22,115 Shanghai Composite up +0.17% at 2,328 MSCI Asia...
...(Financial Times) OVERNIGHT MARKETS: DOWN Asian markets Nikkei 225 down -21.61 (-0.17%) at 12,327 Topix down -1.48 (-0.14%) at 1,039 Hang Seng down -29.44 (-0.13%) at 23,061 US markets S&P 500 up +5.04...
...Dillards , the department store retailer, said earlier in the week it would issue a one-time cash dividend of $5 a share. Its shares notched up a 2.9 per cent gain to $88.91 for the week....
...largest private equity pool ever raised for the region, with its formal close expected to be announced in early 2013. http://reut.rs/UVGMVV Emerging Markets MSCI Emerging Market Index down -0.37% at 1,039...
...(Financial Times) OVERNIGHT MARKETS: LOWER Asian markets Nikkei 225 down -29.13 (-0.33%) at 8,829 Topix down -4.20 (-0.55%) at 754.40 Hang Seng down -74.96 (-0.39%) at 19,321 US markets S&P 500 down -...
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