NEW YORK — Retail issues such as Neiman Marcus, Aeropostale and Urban Outfitters declined during Tuesday’s sell-off as investors fretted over the possibility of rising interest rates following a robust retail sales report from the government (see page 7).
The declines were broad and also reflected macroeconomic uncertainties that may be tugging away at investors. As a result, the Dow Jones Industrial Average plunged 134.28, or 1.28 percent, while the S&P 500 dropped 1.38 percent. But it was the retail segment — especially a few key luxury and specialty companies — that really took it on the chin.
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