Topics

TD Ameritrade Holdings Corp.
Weak results at retailers drag stocks lower
Weak results at retailers drag stocks lower

Retailers are used to throwing big sales. On Tuesday, it was investors who unloaded shares in several big retail chains, dragging down U.S. stocks and wiping out small gains from a day earlier. Disappointing earnings from Staples, Dick's Sporting Goods, Urban Outfitters and others triggered the selling spree. The downturn in retail stocks came in a slow week for economic news and ahead of the Memorial Day weekend, which contributed to lighter-than-usual trading volumes. The weakness stirred fresh concerns about the retail sector and the outlook for consumer spending in the U.S. “The fact that we're seeing such widespread weak growth among retailers means many...

Loading