While you were sleeping: US retailers disappoint

Tue, 20 May 2014

By Margreet Dietz May 21 (BusinessDesk) - Wall Street fell as US retailers including Staples reported earnings that underpinned concern about the pace of growth in corporate profits. With about an hour of trading left in the day in New York, the Dow Jones Industrial Average shed 0.67 percent, the Standard & Poor’s 500 Index fell 0.58 percent, while the Nasdaq Composite Index dropped 0.60 percent. Slides in shares of Caterpillar, down 2.5 percent, and AT&T, down 1.9 percent, led the Dow lower. Bucking the trend were shares of Home Depot...

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