19 Aug China’s Economic Woes Continue to Weigh on Shoe Stocks
Ongoing issues in China’s economy, namely the devaluation of the yuan and a yo-yoing stock market, continue to weigh on investor sentiment as U.S. stocks opened markedly lower Wednesday.
Couple the China economic dilemma with increasing concerns over an impending Federal Reserve interest rate hike and the result is across the board share declines on Wall Street—footwear stocks being no exception…
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