Macy's, JC Penney lead rout in retail stocks as Dow falls
Macy's and J.C. Penney led a rout in retail shares Wednesday morning. Several retailers stocks fell by double digits in early morning trading as the Dow sank by more than 300 points. Shares of retailers took a thrashing Wednesday with Macy's M and J.C. Penney JCP leading the rout, tumbling by as much as 14.3 percent and 11 percent, respectively, in early morning trading.