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Skechers USA Inc. (SKX) Is Sinking In Early Trade

Skechers USA Inc. (SKX) gapped open lower Wednesday and has dropped sharply in early trade. The stock is now down 5.82 at $52.27 on above average volume.

Skechers USA has dropped to its lowest level since early August and has fallen below its 50-day moving average.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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