Retail Report Slams Stocks

Schachter, Ken
October 2008
Red Herring;10/15/2008, p3
Trade Publication
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.


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