New York Weak retail sales in the US pushed Wall Street into the red despite strong balance sheets from major US banks. The Dow Jones index of standard values was 0.5 percent weaker at 33,847 points on Friday. The broader S&P 500 lost 0.3 percent to 4132 points. The Nasdaq technology exchange index fell 0.4 percent to 12,107 jobs.
US retail sales in March fell 1.0 percent from the previous month. Economists polled by Archyde.com had expected a drop of 0.4 percent. “These numbers suggest that the economy might actually be slowing to the point where we have to worry regarding recession rather than inflation,” said Robert Pavlik, portfolio manager at money manager Dakota Wealth.
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