Sears Files Bankruptcy, Shutters 142 Stores - Adviser Investments

Sears Files Bankruptcy, Shutters 142 Stores

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, October 15. Reversing some of yesterday’s gains, major U.S. stock indexes declined today: The Dow Jones Industrial Average, S&P 500 and NASDAQ lost 0.4%, 0.6% and 0.9%, respectively. Meanwhile, iconic retailer Sears Holdings initiated its much-anticipated Chapter 11 bankruptcy, concurrently announcing the closure of an additional 142 underperforming locations. Fidelity Investments announced the launch of Fidelity Digital Asset Services, which will offer crypto-trading services to institutional and family office clients—but not retail investors.

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