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Bed Bath & Bey-ouch!

Bed Bath & Beyond's stock is plunging after terrible earnings and poor guidance. But this isn't a sign that consumers are tapped out and no longer buying knives and pots. Rival Williams-Sonoma has been on fire this year.

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CNNMoney assistant managing editor Paul LaMonica highlights the latest news from Wall Street and what's moving the markets in his daily investing commentary.