Macy’s to drop from S&P 500 to small-cap index

April 1, 2020 admin Business News Comments Off on Macy’s to drop from S&P 500 to small-cap index

Macy’s Inc will be removed from the benchmark S&P 500 stock index , the S&P Dow Jones Indices said on Tuesday, as coronavirus-induced store closures compound the retail sector’s struggles with a shift to online shopping.

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Source:: Reuters – Business News