While you were sleeping: US retail sales fall short

Wed, 13 May 2015

By Margreet Dietz May 14 (BusinessDesk) - Wall Street seesawed, with the Dow Jones Industrial Average fluctuating between losses and gains, as a disappointing report on US retail sales and concern about a slump in bonds offset corporate activity. A Commerce Department report showed US retail sales were flat in April, compared with expectations for a 0.2 percent gain. The data highlights recent weakness in consumer sentiment and GDP, even as the US jobs market continues to surprise on the upside, and suggests the economy’s sluggishness fr...

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