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Car-related stocks take it on the chin, with declines of up to 25% in one day

Por: MarketWatch Business September 30, 2022

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The Dow Jones Industrial Average fell 1.5%, while the Nasdaq Composite Index fared worst, with a 2.8% drop. Here’s a year-to-date chart showing the sharp reversal of the recovery that had started after the S&P 500’s June 16 low: FactSet Shares of CarMax Inc. plunged 25% on Thursday, as the used-car giant reported results for its fiscal quarter ended Aug. 31 that missed consensus estimates for sales and earnings among analysts polled by... + full article



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