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MARKETS LIVE BLOG:

STOCKS RISE AT OPEN AS BANKING FEARS SUBSIDE

Regional bank stocks trading higher on Silicon Valley Bank buyout news

Why Victoria’s Secret stock is down today

Yahoo Finance Video

Yahoo Finance's Brad Smith discusses Victoria's Secret sales and an analyst downgrade sending shares lower.

Video Transcript

[BLINK]

[MUSIC PLAYING]

BRAD SMITH: Victoria's Secret shares, they are trending this morning. They're moving lower by about 8% after the company reported an 8 and 1/2% decline in sales in the third quarter as it struggles to reach lower income brackets. The retail brand is also facing a downgrade from JP Morgan to neutral from overweight this morning, with the bank citing an increasingly cautious macroeconomic backdrop.

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