Retail gloom, Brexit worries keep Wall Street in check [Reuters]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: Reuters
Retail gloom, Brexit worries keep Wall Street in check | Reuters 4 Min Read (Reuters) - U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results and Brexit-related concerns. Department store operators J.C. Penney Co Inc ( JCP.N ) and Dillard’s Inc ( DDS.N ) reported disappointing third-quarter results, casting a gloom on the retail sector, despite strong results from the world’s largest retailer Walmart Inc ( WMT.N ). J.C. Penney shares edged 0.4 percent higher as Chief Executive Officer Jill Soltau gave indications of her plans to turn a profit. Dillard’s fell 14.5 percent. The results pulled down the broader group, sending the S&P; 500 retailing index .SPXRT 1.6 percent lower, despite economic data that showed U.S. retail sales rebounded sharply in October. Walmart was down 2 percent. Political events in Europe also scared investors after a series of resignations in British Prime
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