The continued concern about the economic slowdown in China, coupled with North Korea’s alleged test of a Hydrogen bomb overnight and a significant fall in oil prices sent a chill through the global markets this morning and overnight.
In the U.S., the Dow Jones slipped about 250 points at the opening bell, while the Nasdaq Composite fell 65.35 points and S&P 500 fell 27.41 points. Brent crude slipped to $35 a barrel, the lowest prices since 2004.
Investors sold off shares early on Monday after the Shanghai Composite Index dipped 7 percent, and while those numbers have recovered somewhat, the markets are still jittery.
Shoe and retail shares weren’t immune from the worries this morning either, though the impact of the overnight concerns was not as severe as it was earlier in the week. By 10 a.m., Macy’s Inc. share prices fell just over 2 percent to around $36.16. Nordstrom Inc. prices fell over 2.5 percent as well. Nike Inc. was also down about a percent in trading.
Wolverine World Wide also slipped just over 1 percent and Caleres Inc. was down less than a percent. Skechers USA Inc. was also down less than a percent.