Stocks Sink As Retail Sales Slide

A disappointing report on retail sales pushed stocks lower and boosted demand for Treasurys. Bank stocks kept falling.

Sections:  business   
Topics:  banks   retail sales   retailer   stocks   
RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • LinkedIn Shares Slide After Disappointing Outlook
    LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision to lower the number of display ads that the website shows. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Sears Didn't Move Fast Enough, CEO Says
    Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More
  • J.C. Penney ad apologizes to customers
    The ad comes after the Plano, Texas-based company last month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. Johnson's ambitious changes included getting rid of most sales and bringing in new, hip brands. More
BING NEWS:
  • FTSE 100 Live: UK Stocks Sink, Headed for Worst Week of the Year
    FTSE 100 futures are edging slightly lower after the selloff suffered by stock markets yesterday. And the pound is a little weaker against the dollar, having dropped below $1.25 to touch the lowest ...
    12/19/2024 - 5:47 pm | View Link
  • U.S. Retail Sales Climb More Than Expected As Auto Sales Extend Surge
    Retail sales in the U.S. increased by more than expected in the month of November, according to a report released by the Commerce ...
    12/17/2024 - 2:42 am | View Link
  • U.S. Retail Sales Improved Last Month, Continuing Gains
    Sales at U.S. retailers increased by 0.7% in November, after rising by a revised 0.5% in October, according to the latest data from the Commerce Department.
    12/17/2024 - 2:03 am | View Link
  • Retail sales rose at healthy pace last month in latest sign of US economy's health
    Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season ...
    12/17/2024 - 1:54 am | View Link
  • Retail Sales Rose Briskly in November
    The holiday shopping season kicked off to a strong start, with retail sales rising faster than expected last month. Sales at U.S. retailers and eateries rose 0.7% in November from October, to $724.6 ...
    12/17/2024 - 12:37 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News