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05/26/2022 / By Kevin Hughes

Consumer stocks lose $550 billion in market value as rising costs and bloated inventories push retailers into the red

Some $550 billion in market value was wiped out from consumer stocks over a five-day stretch last week, increasing the downward pressure on a market already stressed by fear of inflation and soaring interest rates. “It has been an absolute bloodbath for retail. To a certain extent, I think that’s the rebalancing of expectations, and […]

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