By  on April 30, 2009

In another sign of how expectations have been altered by the recession, Wall Street essentially yawned through the bankruptcy of Chrysler on Thursday and retail shares rose 1.8 percent as the number of new unemployment claims fell last week.

The S&P Retail Index increased 5.93 points to 339.39. The Dow Jones Industrial Average rose earlier in the day, but ended with a 0.2 percent, or 17.61-point, drop to 8,168.12. The Labor Department said 631,000 people registered for unemployment benefits last week, a drop of 14,000 from the preceding week and a lower figure than expected.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus