TITLE

Retail Report Slams Stocks

AUTHOR(S)
Schachter, Ken
PUB. DATE
October 2008
SOURCE
Red Herring;10/15/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the declining retail sales causes stocks to drop as of October 2008. It states that the Dow Jones Industrial Average fell 733 points, or 7.9%, to close at 8,576, while the Nasdaq dropped even harder, shedding 8.5% to 1,628. Moreover, Amazon.com dropped 11.8% to $49.25 while Google was down 5.6% to $342.32. reported advance estimates of adjusted U.S. retail and food services sales for September were $375.5 billion.
ACCESSION #
36603003

 

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