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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Apr 15, 2009

Page

14

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.

New York Wall Street 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.

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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