By DAMIAN J. TROISE and ALEX VEIGA Published February 14, 2019 Energy Associated Press Facebook Twitter Comments Print article U.S. stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index. Continue Reading Below Losses in banks and retailers and consumer products makers offset gains in health care stocks, technology companies and elsewhere in the market as investors weighed new data showing retail sales slumped in December amid a disappointing holiday shopping season. The Commerce Department reported that December retail sales posted their biggest drop since September 2009. Separately, the National Retail Federation issued figures showing U.S. holiday season sales were weaker than expected. While the discouraging retail sales data initially put investors in a selling mood, the sell-off reversed course as traders had some time to reconsider how useful the two-month old data would be in forecasting consumer spending trends in coming months. “This was a really big shock because it was a 9-year low, in terms of its move, but the market doesn’t care what happened two months ago,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab…. Read full this story
- Why 2 Tech Stocks Soared While 2 Retail Stocks Got Crushed After Hours Tuesday
- VIETNAM BUSINESS NEWS NOVEMBER 14
- OTIS WORLDWIDE CORP (OTIS) Q4 2020 Earnings Call Transcript
Mixed finish for US stock indexes over weak retail sales have 228 words, post on www.foxbusiness.com at February 14, 2019. This is cached page on Goose Art. If you want remove this page, please contact us.