Dow shaken by retail news

STOCKS fell yesterday as a warning from McDonald’s and sluggish retail sales trumped bullish economic news, torpedoing hopes for a Christmas rally.

Dow shaken by retail news
Wed, 18 Dec, 2002 - 00:00

By mid-afternoon trade, the Dow Jones Industrial Average had declined 70 points, or 0.8%, to 8,557.

The S&P 500 eased 0.6%% to 905. The Nasdaq Composite slipped four points, or 0.4%, to 1,395.

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CourtsMarkets/EuroPerson: Donald SelkinPerson: Joseph StevensEvent: ChristmasOrganisation: McDonaldOrganisation: Nasdaq compositeOrganisation: Best BuyOrganisation: McDonald’sOrganisation: Nasdaq
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