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US Stock Prices Slump After Weak Retail Earnings, Price Growth

U.S. stock prices fell sharply Friday amid signs of weak price growth and disappointing earnings from some major American department stores. The Dow Jones industrial average plunged 150 points at the opening bell after luxury retail giant Nordstrom reported earnings that fell below forecasts.  Nordstrom stocks fell more than 15 percent to $53.50 after the company lowered its projections for the rest of the year. Nordstrom’s-weaker-than expected earnings followed disappointing results...

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