NYC: Major Wall Street bank stocks plunge on Thursday as major stores sales dive with just the healthcare sector showing any sign of growth – #AceNewDesk reports – @AceFinanceNews

#AceFinanceReport – Jan.05: US Stocks Slip as Banks Fall; Department Stores Dive

By THE ASSOCIATED PRESS

Stocks are lower Thursday as interest rates drop and banks take sharp losses.

Department stores and mall operators are tumbling as Macy’s and Kohl’s both plunged following weak holiday-season reports that led the chains to cut their profit forecasts.

Health care stocks and companies that pay large dividends are trading higher.

#AceNewsDesk reports on Thursday Jan.05: 2017 at 22:03

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