Tiffany and Blue Nile also drop as investors expect luxury retailers to sag. Meanwhile, budget sellers like Target and Wal-Mart are having a strong year.
Caterpillar is downgraded to 'hold,' while Vivus is upgraded to 'hold.'
Cirrus Logic is downgraded to 'perform,' and Infosys is upgraded to 'buy.'
The home-furnishings chain is only the latest retailer to serve up a disappointing outlook as consumer malaise spreads.
Most seem poised for troubled second-quarter numbers. But there's one that's hanging in there.
H-P announces massive layoffs, and Costco reports better-than-expected results.
JetBlue is downgraded to 'neutral,' and Nvidia is upgraded to 'average.'
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
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