Weak retail sales dim market rally in New York
A weak 1.1 percent March retail sales drop spooked traders and helped push the Dow down 137.63 points to 7920.18 while the S P 500 fell to 841.51 and the Nasdaq slid to 1625.72. Goldman Sachs plans a 5 billion equity raise to repay bailout funds prompting bank stock concerns as Citigroup and JPMorgan face upcoming reports.
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New York
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Johnson & Johnson
Goldman Sachs
Standard & Poor
Jeffrey Frankel
Stuart Frankel & Co
Obama tempers optimism with reality on economic debate
President Obama warns the nation not to assume we are out of the woods while presenting a plan to steady the economy. Speaking at Georgetown University during the 100 day mark, he notes signs of hope alongside ongoing challenges amid mixed data on retail sales and inflation.
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Thomson Reuters
U.S
Sean Simko
SEI Investments
Philadelphia
Barack Obama
Federal Reserve
Ben Bernanke
Obama
Washington, D.C
Georgetown University
America
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