By and and  on May 8, 2012

Euro jitters vexed global stock markets Tuesday, but Fossil Inc. took a direct hit after it warned of first-quarter sluggishness in Europe and cut its annual profit outlook.

Shares of the accessories and watch vendor fell 37.6 percent to $78.52 as the S&P Retail Index declined 1.1 percent, or 6.75 points, to 629.44 and the Dow Jones Industrial Average slipped back below 13,000, falling 0.6 percent, or 76.44 points, to 12,932.09.

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