Dow Jones down 87 points

Disappointing retail sales data and a rise in oil prices pushed US stocks lower today as investors, once again worried about oil’s impact on consumer spending, took profits from the market’s July rally.

Dow Jones down 87 points

Disappointing retail sales data and a rise in oil prices pushed US stocks lower today as investors, once again worried about oil’s impact on consumer spending, took profits from the market’s July rally.

Many of the US retailers reported only modest sales gains as hot weather stifled demand for autumn fashions and as many consumers spent their money at car dealers instead of malls.

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