The bad retail reports which accounts for 2/3 of the GDP dampens the stock market sentiments. Wal mart profits is below expectations, this adds on to the downward pressure on the stock market. Wal mart is typically seen as a barometer of USA retail sales given its size and competitiveness. Therefore its effect of not reaching the forecast will further cast gloom on today’s market. The futures are down at the moment.
Bad Retail Reports Dampens Sentiments
By Finance in Bad Retail Reports Dampens Sentiments
May
13