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Retail stocks lead selloff on Wall St. after earnings

Started by riky, May 21, 2014, 09:00:19 AM

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riky

Retail stocks lead selloff on Wall St. after earnings

<p><a href="http://news.yahoo.com/retail-stocks-lead-selloff-wall-st-earnings-205726858--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/nRoR8iRqxyxFKW_fEH4sfA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-20T125812Z_4_CBREA4I103D00_RTROPTP_2_JUMEI-IPO.JPG" width="130" height="86" alt="Specialist Peter Giacchi shouts a trading price for Jumei during the company's IPO on the floor of the New York Stock Exchange" align="left" title="Specialist Peter Giacchi shouts a trading price for Jumei during the company's IPO on the floor of the New York Stock Exchange" border="0" /></a>By Angela Moon NEW YORK (Reuters) - U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies. All 10 primary S&amp;P 500 sector indexes fell, and nearly three-fourths of Nasdaq-listed names were down for the day. The S&amp;P 500's top five decliners were all retail stocks, including TJX Cos Inc , down 7.6 percent at $53.95, after the owner of off-price chain stores TJ Maxx and Marshalls reported lower-than-expected quarterly revenue. Staples Inc tumbled ...</p><br clear="all"/>

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