NEW YORK (AP) - Shares of jewelers slipped Monday as credit concerns knocked the broader markets sharply lower and the Dow Jones industrial average plunged 800 points.
Bank failures and government rescues in Europe led to worldwide selling Monday, and the Dow Jones industrial average tumbled under 10,000 for the first time in four years.
Shares of jewelers, which are highly exposed to discretionary spending, declined in afternoon trading.
In afternoon trading, shares of Tiffany and Co. declined $2.90, or 8.9 percent, to $29.39, after hitting $28.72 earlier in the session — a four-year low.
Shares of Blue Nile Inc. slipped $1.46, or 3.9 percent, to $36.03, and shares of Zale Corp. lost 79 cents, or 3.3 percent, to $23.24.
Shares of Signet Jewelers Ltd. gave up 97 cents, or 5.3 percent, to $17.55.
No hay comentarios:
Publicar un comentario