Thursday, December 15, 2022

Dow down 400 points on weak retail sales, manufacturing data

  • Dow down 400 points on weak retail sales, manufacturing data

    U.S. stocks tumbled after retail sales for November slipped by 0.6%, more than expected, while two reports on manufacturing contracted. Both worrisome signs for the health of the economy amid the headwinds of rising interest rates. In commodities, oil hovered around the $77 per barrel level.

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