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Retailers pull stocks lower on poor holiday sales

New York Stock Exchange

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.

 

US retail sales rose 0.3 percent in November

Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy.

 

Retail sales fall for third straight month in June

Retail sales fell for a third straight month in June as demand slumped for everything from cars and electronics to building materials, a sign the economic recovery is flagging.

 

US retail sales rose 0.8 pct., helped by job gains

Retail Sales

A healthier job market and warmer weather encouraged more Americans to shop in March.

 

Stocks Rally to Pre-Crisis Heights

Stocks climbed to new heights in part on rosy retail sales data, pushing the broad market to levels last seen in June 2008 and the Nasdaq composite index past the 3,000 milestone for the first time since 2000.

 

February retail sales rise, highest in five months

Retail Sales

Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.

 

Retail sales rose less than expected in Jan.

U.S. retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.

 

Same-store sales seen up 4.3 percent in December

December Retail Sales

When top retailers post their December sales this week, Wall Street analysts are expecting them to report a healthy end to the holiday season, helped by discounts, improved consumer sentiment and tactics like extended hours and layaways.

 

August retail sales unchanged from July

Growth in retail sales stalled in August after a pitched battle over spending in Congress led consumer confidence to crumble, data showed on Wednesday.

 

Retail sales seen rising in July

Deep discounts and the warmest July weather in decades should help retail chains report a rise in monthly sales, with many expecting warehouse clubs and high-end chains to lead the way.

 

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