US stocks drop on poor retail sales

US stocks resumed their decline today as investors, concerned that slumping retail sales would further slow the economy, abandoned small-cap and technology shares.

US stocks drop on poor retail sales
Thu, 08 Jul, 2004 - 23:02

US stocks resumed their decline today as investors, concerned that slumping retail sales would further slow the economy, abandoned small-cap and technology shares.

The Nasdaq composite index extended its loss for the month to 112 points, while the Standard & Poor’s 500 index fell into negative territory for the year.

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CourtsBusinessHeathrowPlace: USPlace: United StatesPerson: Jeff KleintopPerson: Bryan PiskorowskiPerson: Michael SheldonOrganisation: NasdaqOrganisation: Wal-Mart Stores Inc.Organisation: Target Corp.Organisation: Yahoo! Inc.Organisation: PNC Financial Services GroupOrganisation: DowOrganisation: Wachovia SecuritiesOrganisation: Spencer Clarke LLCOrganisation: Wal-MartOrganisation: Rival Target Corp.Organisation: TargetOrganisation: J.C. Penney Co. Inc.Organisation: Yahoo!Organisation: Alcoa Inc.Organisation: Cendant Corp.
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