Macy’s and American Airlines Shares Fall, Dow Jones Holds on

After four days of stock market recovery and gains on the Dow Jones Industrial Average and elsewhere, the markets are at risk of slipping back. Macy’s and American Airlines revised forecasts, sending their stock prices spiraling. The Dow Jones, the overriding indicator of America’s largest companies, began to fall after nearly a week of recovery. That recovery had been fueled by hopes of a positive outcome for trade talks, Federal Reserve patience, and talks to resolve the government shutdown. The Dow has since rebounded and is holding on. Dow Jones Industrial Average This Week | Source: TradingView The drop was short-lived, but an increasing number of companies are revising sales and revenue forecasts, impacting their own share prices and the wider markets. Macy’s Share Price Plunges 18% Iconic department store chain Macy’s has reported weak 2018 holiday sales and revised its earnings forecast downward. The news sent the company’s share…

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