News Summary: Stocks slide on Wall Street; American Eagle falls after cutting profit forecast

  • by: The Associated Press
  • Updated: August 6, 2013 - 4:00 PM

NEW, LOW PRICES: American Eagle plunged 12 percent after the retailer slashed its earnings forecast in half late Monday, blaming weak sales. Two of American Eagle's rivals, Abercrombie & Fitch and Urban Outfitters, also dropped.

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