Sears Pops on REIT Plans as Stocks Effort to Recover From Their Lows

Stocks were off their lows at Wednesday's midday trading after dropping on weak economic data.
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Stocks were off their lows at Wednesday's midday trading after dropping on weak economic data. The energy sector led the markets. Walmart (WMT) traded lower as it hosted a meeting for investors. The world’s largest retailer also put more pressure on suppliers to cut their prices, according to the Wall Street Journal. Airlines got hit hard after a downgrade from Deutsche Bank to a HOLD from BUY. Delta (DAL), United Continental (UAL) and American Airlines (AAL) all gave up about 4%. Sears (SHLD) popped on its REIT plans. The department store is partnering with General Growth Properties and hopes to raise more than $2.5 billion from shareholders.