While you were sleeping: US retail sales slide

Tue, 14 Jul 2015

By Margreet Dietz July 15 (BusinessDesk) - Equities and US Treasuries moved higher, while the US dollar fell, after a report showing a surprise drop in US retail sales in June, lowering expectations the Federal Reserve will hike interest rates in September. In late afternoon trading in New York, the Dow Jones Industrial Average added 0.47 percent, the Standard & Poor’s 500 Index rose 0.52 percent, while the Nasdaq Composite Index gained 0.84 percent. A Commerce Department report showed retail sales declined 0.3 percent in June, the wea...

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