Closing Bell: Guess? Sinks After Cutting Profit Target; Dow Ends at Record
The Dow Jones Industrial Average saw a record close, though just barely as a tech selloff pressured the broader market. Crude oil ended the day with its best settlement in six weeks, giving a big boost to the energy sector. Express (EXPR) - Get Report shares plummeted after issuing guidance for its current quarter that came in weaker than analysts expected. The apparel retailer expects same-store sales in its fourth quarter to fall in the "negative low double digits," sharper than a nearly 8% drop forecast. Guess? (GES) - Get Report shares slumped after reducing its full-year profit target following a disappointing recent quarter. The company reported another drop in quarterly same-store sales, stretching a losing streak that began in 2011. Dollar General (DG) - Get Report tumbled after reporting below-consensus sales and earnings for its recent quarter. The discount retailer blamed its poor performance on reductions in food-stamp benefits. TheStreet's Keris Lahiff reports from Wall Street.









