Economy

Retail stocks slide on Wall Street on poor results

NEW YORK (AP) — Stocks are mostly lower on Wall Street in early trading as retailers report weak results.

Aeropostale fell after reporting a loss in the third quarter as the teen retailer slashed prices in an effort to pull in shoppers. L Brands, the owner of Victoria's Secret and Bath & Body Works, fell after reporting that its sales dropped 5 percent last month.

The Dow Jones industrial average was down 33 points, or 0.2 percent, to 15,856 as of noon Thursday. The Standard & Poor's 500 index fell four points, or 0.3 percent, to 1,788. The Nasdaq composite was down seven points, or 0.2 percent, at 4,030.

The market has fallen over the past four days. If it closes down on Thursday it would match the longest losing streak since September.

Related Headlines

  • Glenn Kessler

    US stocks edge lower; Teen retailers slide

    Stocks are closing lower as a thin slate of economic news and corporate results left investors unwilling to drive up a market that hit three record highs last week. 

  • Michael Shearin

    Stocks drift mostly higher; Retailers sink

    Stocks are ending mostly higher after drifting between slight gains and losses all day. Retailers were in the spotlight Thursday. Bed Bath & Beyond and Family Dollar plunged ... 

  • Andrew Silverman

    Stocks edge lower following retail earnings

    Stocks are mostly lower on Wall Street as investors pick over another round of corporate earnings, this time from retailers including Best Buy and Home Depot. The Dow Jones ... 

  • Donald Civitanova

    Better news on sales, jobs sends stocks higher

    Stocks are opening higher as traders were encouraged by a pickup in retail sales and more signs of health in the U.S. job market. The Standard & Poor's 500 index rose three ... 

Find the best rates

Find your future job here