Thursday, July 10, 2014





Retailers pull stocks lower on poor holiday sales


February 19. 2013 11:40PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Stocks are closing lower after a weak holiday shopping report sent shares of major retailers lower.


The Dow Jones industrial average fell 24 points to close at 13,114 Wednesday. It was the third straight loss for the Dow.


The Standard & Poor's 500 index fell six to 1,419 and the Nasdaq composite lost 22 to 2,990.


The MasterCard Advisors SpendingPulse report found that sales of electronics, clothing, jewelry and home goods increased just 0.7 percent in the two months before Christmas.


That's well below the growth of 3 to 4 percent analysts expected and the worst performance since 2008.


Macy's, Sears and Urban Outfitters all fell.


Falling stocks outnumbered rising ones two to one on the New York Stock Exchange. Volume was very low at 2.3 billion shares.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds