World Week Ahead Fed talk, US retailers

Sun, 11 Aug 2013

By Margreet Dietz Aug. 12 (BusinessDesk) – Wall Street will keep its collective eye on speeches by US Federal Reserve officials as well as the latest monthly retail sales data and the latest quarterly earnings of a slew of American retailers including Wal-Mart. On Friday, the Dow Jones Industrial Average shed 0.5 percent, while the Standard & Poor’s 500 Index fell 0.4 percent and the Nasdaq Composite Index slid 0.3 percent. That brought the declines for the week to 1.5 percent for the Dow, 1.1 percent for the S&P 500 and 0.8 percent for the...

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