According to Reuters, US retail sales had their largest decline in a decade in December. The Commerce Department reported that retail sales fell by 1.2-percent in the last month of 2018, which marked the sharped decline since 2009. The bleak retail data sent shock waves through the equity markets on Wall Street. But the Nasdaq Composite and S&P 500 managed to march into positive territory, though the Dow Jones trading slightly lower. By the afternoon on Feb. 14th, the Dow Jones Industrial Average was flirting with 15-points of losses, falling to 25,527. The Nasdaq managed to make about 25-points in gains by the afternoon, while the S&P added 1-point to the benchmark index. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Retail Sales Suffer Sharpest Decline In A Decade - YouTube |
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