By Marley Jay, The Associated Press NEW YORK — Stocks slipped Thursday as interest rates dropped and banks took sharp losses. Department stores tumbled as Macy’s and Kohl’s plunged following weak holiday-season reports that led the chains to cut their profit forecasts. After a solid but uninspiring report on private hiring in December, bond prices jumped and yields fell, which sent banks down.
Comment on U.S. stocks mostly slip as banks fall and retailers plunge
The Associated Press, Denver Post: Business
Thu, 01/05/2017 - 3:45pm
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