Shares Fall on Wall Street

Friday, November 14, 2008 10:00
Posted in category Banking and Finance, News

Due to the market downturn, consumers have been especially reluctant to spend on luxury goods. Meanwhile, the sales at a series of other sores, such as furniture, electronics, and sporting goods have suffered too. Restaurants and grocery stores were among the remain areas, that show a gain. The news from various retailers has added to the mood of gloom.
Today, as figures revealed the fourth consecutive fall in US retail sales of by almost 3% in October, which is the biggest decline since records began in 1992, the shares on Wall Street fell.
In early trading, after the US Commerce Department said retail sales fell 2.8% last month, the Dow Jones fell as much as 225.32 points, to 8,609.93.

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