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Stock Market Roundup, Jan. 5: KSS & M Crash, SHLD & CMG Gain

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The stock market had a shaky day on Thursday, as struggles in retail helped drag down the DOW and S&P 500. The most notable drops came from Macy’s and Kohl’s, which both plummeted after announcing dismal holiday sales figures.

Also, investors reacted to the latest efforts from Sears Holdings to stop their own bleeding, while Chipotle was able to add a few points thanks to a key analyst upgrade.

Zacks Rank #1 (Strong Buy) Biggest Movers

Value: YY Inc. (YY - Free Report) - +5.96%

Growth: Silver Standard Resources - +9.55%

Momentum: Angang Steel Company - +5.50%

VGM: YY

Income: International Consolidated Airlines Group (ICAGY - Free Report) - +5.48%

Major Indexes

DOW: 19,894.98 / -47.18 / -0.24%

NASDAQ: 5,488.48 / +11.47 / +0.21%

S&P 500: 2,267.88 / -2.87 / -0.13%

Top Headlines

Here's Why Chipotle is Gaining Today

On Thursday, everyone’s favorite burrito maker Chipotle Mexican Grill (CMG - Free Report) is gaining, up around 2.7% in afternoon trading after the stock was upgraded by Wedbush. Wedbush analyst Nick Setyan has lifted his rating to a neutral from an underperform, and boosted its price target to $400 from $370.

Kohl's, Macy's Plummet on Dismal Holiday Season Sales

On Thursday, department store stalwarts Kohl’s Corp. (KSS - Free Report) and Macy’s (M - Free Report) plummeted after both companies announced disappointing holiday season sales. Macy’s was down about 14%, while Kohl’s was down about 19%.

Here's Why Sears Holdings Stock Is Gaining Today

Shares of Sears Holdings (SHLD - Free Report) gained more than 5% in morning trading Thursday after the struggling retail company announced new plans to keep the brand alive. Sears will shutter another 150 stores, including 108 Kmart locations, and the company will sell its Craftsman tools line to raise some much-needed cash.

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