Stock losses accelerated throughout the morning after a reading on manufacturing activity in the U.S. fell into contraction in August. A strong U.S. dollar and weak global demand have impeded manufacturing growth for months. Costco fell after reporting a flat reading on comparable-store sales for August and the recent quarter. The warehouse chain is just the latest retailer to suffer from less foot traffic and increased e-commerce spending. Infoblox climbed after narrowly beating profit and sales estimates over its recent quarter. The cybersecurity firm rallied a day earlier on reports it has begun the process of selling itself after activist pressure. Walgreens was added to Credit Suisse’s Focus list. Analysts said its Rite Aid
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
