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home / news releases / GPS - Why Bed Bath & Beyond Gap and Other Retail Stocks Are Falling Today


GPS - Why Bed Bath & Beyond Gap and Other Retail Stocks Are Falling Today

Shares of several retail-chain operators were falling along with the broader market on Wednesday, after Federal Reserve Chairman Jerome Powell signaled his growing concern about the current downturn in the U.S. economy.

Here's where things stood for these three companies' stocks as of 3 p.m. EDT, relative to their closing prices on Tuesday.

The broader market's slide was triggered by a speech by Powell on Wednesday morning, when he said that the path ahead for the U.S. economy is "highly uncertain and subject to significant downside risks."

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Stock Information

Company Name: Gap Inc.
Stock Symbol: GPS
Market: NYSE
Website: gapinc.com

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