Wall Street under pressure from weak earnings, Brexit concerns [Reuters]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: Reuters
Wall Street under pressure from weak earnings, Brexit concerns | Reuters 5 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 operator J.C. Penney Co Inc ( JCP.N ) lowered its sales outlook ahead of the holiday shopping season. However the shares reversed course to trade up 4.9 percent after new Chief Executive Officer Jill Soltau gave the first indications of her plans to turn a profit. Dillard’s Inc ( DDS.N ) fell 13.7 percent after reporting third-quarter results. Shares in the world’s largest retailer Walmart Inc ( WMT.N ), which was up earlier after beating quarterly comparable sales estimates and raising full-year outlook, gave up gains to trade down 1.5 percent. The results pulled down the broader group, sending the S&P; 500 retailing index .SPXRT 1.5 percent lower, despite economic data that showed U.S.
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