Wall Street closes in the red as Turkey’s economic woes keeps jittery investors sidelined

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Retailers grapple with higher commodity costs and tariffs on their goods as the Trump administration escalates its trade war Wall Street finished with losses across the board on Wednesday, buried in a sea of red from Turkey's financial troubles which kept investors firmly parked on the sidelines. China also filed a complaint at the World Trade Organization against US solar tariffs. The US dollar was little changed after reaching a 13-month top. The Dow Jones Industrial Average index lost 137 points, or 0.5% to end at 25,162, led lower by losses in Corp, Co and The tech-laden Nasdaq was down 1.2% to settle at 7,774. The S&P 500 declined by 0.7% to close at 2,818, hit by a 16% plunge in shares of retailer Macy’s Inc. The shares of retailers like Macy's and JC Penney were hammered on Wednesday because investors worried about struggling sales amid declining foot traffic and increased competition online. The Russell 2000 i
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