Office Depot Inc ( ODP ) cratered 40.4% while Staples, Inc. (NASDAQ: SPLS ) lost 18.3% after the government torpedoed their merger plans on antitrust concerns. DIS posted only its fourth quarterly miss in the past 10 years , shocking the buy-and-hold types as a 13% ad decline revenue at ESPN weighed on the bottom line and fueled concerns about cord cutting and a future of traditional media. Management highlighted weakness in consumer spending worsened in the middle of March - which was about a month into the epic 50% rebound in wholesale gasoline prices.
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