By and  on June 6, 2011

Retail took a one-two punch last week — first from mixed May sales reports and then a disappointing reading on the job market — significantly clouding second-half prospects just three weeks after stocks in the sector hit an all-time high.

The S&P Retail Index retreated 1.4 percent, or 7.44 points, to 510.53 Friday, ending down 3.6 percent for the week and 7.5 percent below the high set May 13. The Dow Jones Industrial Average fell 0.8 percent, or 97.29 points, to 12,151.26, making for a 2.3 percent weekly decline.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus