Retail Sales Economic Indicator | Stock Market Analysis

Retail Sales Below Expectations

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, February 14.  Although stocks were able to rebound slightly from intra-day lows, the Dow Jones Industrial Average and S&P 500 still closed the day down 0.4% and 0.3%, respectively, while the NASDAQ rose 0.1%. Meanwhile, the U.S. Census Bureau reported that retail sales fell 1.2% in December, the largest monthly decline since September 2009. Notably, internet-based retailers suffered a 3.9% drop in sales.

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