Retail sales dip 0.2 percent in February
Americans pulled back after January binge with a 0.2 percent fall in February retail sales. Furniture and home goods and bars and restaurants led declines, but the drop followed a revised 1.3 percent January gain, reshaping expectations and market reactions.
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Stocks rebound as bargain hunters lift markets
Technology and blue chip shares surged on light volume late in trading after Wall Street’s worst day. The Nasdaq closed above 2000 at 2014.80, up 6.5 percent. the Dow rose 82.55 to 10290.80. the S&P 500 gained 1.50 percent to 1197.66, though profits outlook remains bleak and bear-market risk persists.
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