US stocks slip on weak retail sales

Economies.com
2019-10-16 14:43PM UTC

US stocks fell slightly today after the release of weak retail sales data which has renewed concerns over the US economy growth.

 

Meanwhile, Investors shrugged off the progress being made in Brexit file amid news of a final deal between the EU and UK.

 

The US Census Bureau revealed today that retail sales fell by 0.3% in September, lower than market forecasts of rise by 0.3%.

 

President Donald Trump said today that the US economy will crash like 1929, if the Democrats won the presidency in the next elections in 2020.

 

Nancy Pelosi, the speaker of the US House of Representatives, announced yesterday the holding off the vote to authorize the impeachment against President Trump.

 

By 14:40 GMT, Dow Jones fell by 0.1% or 37 points to 26,987, Nasdaq fell by 0.2% or 16 points to 8,132, and S&P 500 fell by 0.1% or 2 points to 2993.

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