Why Retail Stocks Were Slipping Today
Shares of retail stocks were falling again on Wednesday as the specter of a recession spooked investors once again. A number of economic data points pushed stocks lower, including a weak ADP payroll report for September. That followed a report on Tuesday from the Institute of Supply Management that showed manufacturing activity contracting for the second month in a row, hitting a 10-year low. Both reports added to fears of a potential recession and a trade war with China...
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