Stocks were lower in midday trading Friday with concerns the Fed may cut rates sooner rather than later with the latest jobs report. The Dow dropped 180 points. Office supply retailer Staples (SPLS) is down after posting mixed results. The company earned a penny a share more than estimates but reported sales fell 3.7% for the quarter. Earnings releases are also pushing big moves to the upside including for Big Lots (BIG). The discounter did however give a weaker than expected guidance. Foot Locker (FL) is kicking up more than 4% higher after beating expectations by $0.09. Revenue and same-store sales also increased well above forecasts.
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