Wall Street slides as investors fret about retail
US stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.\
Kohl's dropped 7.86 percent after it reported a drop in quarterly sales, while shares of Nordstrom and J.C. Penney Co Inc each dropped more than 7 percent.
The Dow Jones Industrial Average fell 0.11 percent to end at 20,919.42 points and the S&P 500 lost or 0.22 percent to 2,394.44.
The Nasdaq Composite dropped 0.22 percent to 6,115.96.
Shares of Snap Inc plunged 21.45 percent after the Snapchat owner reported a slowdown in user growth and revenue in its first earnings report as a publicly-listed company.
The S&P 500 posted 16 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 92 new highs and 65 new lows.
About 6.7 billion shares changed hands on US exchanges, in line with the daily average over the last 20 sessions.
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