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Thursday, September 24, 2009
Retail Stocks Mixed As Initial Jobless Claims Fall
By Andria Cheng
MarketWatch Pulse
NEW YORK -- Retail stocks were mixed Thursday as initial jobless claims unexpectedly fell to their lowest level since July. Bed Bath & Beyond Inc. shares dropped 4.3% after the home furnishings retailer's stock was downgraded to neutral from outperform by Credit Suisse. Rite Aid Corp. shares fell 13% after it projected a wider-than-expected full-year loss. The S&P Retail Index was little changed at 380.75.
Copyright © 2009 MarketWatch, Inc.
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