Why Bed Bath & Beyond, Gap, and Other Retail Stocks Are Falling Today
Shares of several retail-chain operators were falling along with the broader market on Wednesday, after Federal Reserve Chairman Jerome Powell signaled his growing concern about the current downturn in the U.S. economy.
Here's where things stood for these three companies' stocks as of 3 p.m. EDT, relative to their closing prices on Tuesday.
The broader market's slide was triggered by a speech by Powell on Wednesday morning, when he said that the path ahead for the U.S. economy is "highly uncertain and subject to significant downside risks."
Source Fool.com
