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Stocks Turn Mixed as Retailers Suffer From Weak Holiday Season

Stocks turned mixed on Thursday morning after retailers suffered from a poor performance over the critical holiday-shopping season.

The S&P 500 was down 0.04%, the Dow Jones Industrial Average fell 0.03%, and the Nasdaq climbed 0.2%.

Macy's (M) plummeted almost 13% after detailing plans to close 68 stores, resulting in 3,900 job layoffs. The retailer also said the store closures would reduce fiscal 2017 sales by $575 million. CEO Terry Lundgren said the company continues to suffer from "declining...


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