U.S. markets declined for the fifth consecutive day Thursday as more economic data increased worries of the Federal Reserve curbing stimulus measures. Gross domestic product grew at an annualized rate of 3.6 percent in the third quarter, up from a previous estimate of 2.8 percent. Both the Dow Jones Industrial Average and the S&P 500 Index posted declined of 0.43 percent. Additionally, shares of retailers were dragged down by weak results from Aeropostale, Bath & Body Works and L Brands. Here is how some retail stocks reacted Thursday:
Best Buy Co., Inc. (NYSE: BBY) shares traded in the range of $41.54 to $43.19 Thursday before settling to close at $41.60, a decrease of 2.80 percent. The stock appears to be facing some resistance at the $43.12 and $44.33 levels with some support at $40.38. Shares of Best Buy have gained approximately 250.0 percent in 2013.
More information on Best Buy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BBY
GameStop Corp. (NYSE: GME) shares traded in the range of $45.07 to $46.14 Thursday before settling to close at $45.13, a decrease of 1.40 percent. The stock appears to be facing some resistance at the $46.15 and $47.34 levels with some support at $43.91. Shares of GameStop have gained approximately 80.0 percent in 2013.
More information on GameStop and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GME
Macy's, Inc. (NYSE: M) shares traded in the range of $51.26 to $52.15 Thursday before settling to close at $51.54, a decrease of 0.96 percent. The stock appears to be facing some resistance at $55.61 with some support at the $50.67 and $49.47 levels. Shares of Macy's have gained approximately 32.0 percent in 2013.
More information on Macy's and access to the free equity report can be found at:
www.WallStreetFundamentals.com/M
Target Corporation (NYSE: TGT) shares traded in the range of $62.60 to $63.75 Thursday before settling to close at $62.63, a decrease of 1.07 percent. The stock appears to be facing some resistance at the $63.18 and $64.58 levels with some support at $62.13. Shares of Target have gained approximately 5.0 percent in 2013.
More information on Target and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TGT
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