The Dow Jones Industrial Average retreated again, its first three-day decline since January, as crude oil suffered its largest drop in more than a year. Crude plummeted to its lowest level since early December after another weekly build in domestic inventories. Snap (SNAP) rebounded from two days of losses. The dramatic drop in the stock's price over the previous two days came after a 44% surge last Thursday from its initial offering price. Express (EXPR) slumped following a sharp decline in fourth-quarter earnings and disappointing guidance for its first quarter. The clothing retailer anticipates first-quarter same-store sales in the negative high-single percentage digits. Urban Outfitters (URBN) also tumbled after reporting a decline in annual profit for its third year in a row. Earnings dropped 3%, while sales rose 3%.
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