Dick's Sporting Goods' stock plunged Tuesday after the retailer missed expectations and lowered its earnings forecast. He lowered Dick's earnings guidance by 17% for the year because of a slump in hunting sales and sporting apparel. Dick's does not break out gun sales individually, but sales have experienced an industry-wide decline since the election of President Trump, even though he's a Republican endorsed by the National Rifle Association. But the market for sporting goods is suffering, too. Sales are down 4.9% through July of this year for the government category including sporting goods, hobby, book and music stores, according to the U.S. Department of Commerce.

Source: CNN August 15, 2017 15:18 UTC