August Dow slide trims record highs to worst month since 2012
The Dow opened August at all time highs but fell 4 percent from peak as the month nears its end. The S&P 500 and Nasdaq rose modestly while the Dow posted a fifth straight loss, with bond market outflows and a tapering Fed program cited as the main catalyst. Investors eye Fed policy and retailer outlooks, as bonds shift funds to equities amid uncertainty.
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Barnes & Noble posts wider first quarter loss and Nook concerns
Barnes & Noble reports a larger first quarter net loss as CEO departure and weaker Nook revenue weigh on results. The company plans to keep developing e readers and expand content offerings while exploring third party manufacturing for color Nook devices. Revenue at stores open at least a year fell 9.1 percent with Nook excluded showing a 7.2 percent drop.
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