Similar Stories to Why J.c. Penney, Kb Home, And Boston Scientific Slumped Today on Bing News

Wednesday was a down day for the stock market, as investors once again tried to put major news into a longer-term context. The Federal Reserve's Open Market Committee voted to raise short-term interest rates by a quarter percentage point as expected, and it adopted a generally hawkish tone that suggests that future rate increases could come slightly more quickly than most of those watching the central bank had expected.

BING NEWS:
  • J.C. Penney swings into the red as Q2 sales plunge
    J.C. Penney on Friday reported that Q2 total revenues plummeted 9.2% year over year to $1.5 billion, as total net sales fell 8.9% to $1.5 billion and credit income fell 16.9% to $59 million.
    10/1/2024 - 4:13 am | View Link
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