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Virus Knocks Macy’s Off S&P 500—And Other Retailers Could Be Next

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Macy’s market cap has been shriveling up, and the COVID-19 outbreak is pushing its backwards slide into overdrive. Come Monday, shares of Macy’s Inc. will no longer be part of the S&P 500 large-cap index. Macy’s shares will last trade as part of the S&P 500 index on Friday and then reset on April 6…

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