Stocks Slump on Retail Data

By Kevin Spak,  Newser Staff
Posted Apr 14, 2009 8:48 AM CDT
Stocks Slump on Retail Data
Traders work on the floor of the New York Stock Exchange in New York, Wednesday, April 8, 2009.   (AP Photo/Seth Wenig)

Stocks fell at the open today, as a surprisingly bad retail report overshadowed a strong quarter from Goldman Sachs. The Dow fell 55 points, while the S&P and Nasdaq slid 4.3 and 14.1 points respectively. Retail sales fell 1.1% last month, while inflation fell faster than expected. Goldman Sachs posted a $1.8 billion profit, but its shares fell 4.9%. Other financials, however, were higher, with Citigroup up 11.8% (More stock market stories.)

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