Why Gap, Macy's, and Other Retailers' Stocks Are Down Today
Shares of several retail-chain operators were lower on Thursday afternoon amid a broad-based market decline following new unemployment and consumer-spending figures.
Here's how shares of these four companies were faring as of 1:30 p.m. EDT on Thursday, relative to their closing prices on Wednesday.
It's not much of a mystery why the U.S. markets are down today: New figures from the U.S. government showed more than 3.8 million new unemployment claims last week and a 7.5% decline in consumer spending in March.
Source Fool.com
