Stocks started the day mostly lower after yesterday’s huge sell off. The Dow plunged 238 points, its biggest one-day decline since September, while the S&P recorded its worst day since mid-October.
Here are some of the other stories the Yahoo Finance team is covering for you today.
THE NOT-SO-SOFTER SIDE OF SEARS
After decades of huge retail success, Sears (SHLD) says it has “substantial doubts” that it can stay in business. Sears already has plans to close department stores and restructure one billion dollars in annual costs. Is Sears waiving the white flag?
TRYING TO OUTPACE THE COMPETITION
Nike (NKE) shares are getting stomped before the bell. The world’s largest footwear maker delivered a beat on earnings for last quarter, but sales slightly missed estimates. Yahoo Finance’s Dan Roberts dives deeper into the report and what it means for Under Armour (UA) and Adidas (ADDYY).
