retail stocks lead us equities lower
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Retail stocks lead US equities lower

Egypt Today, egypt today

Egypt Today, egypt today Retail stocks lead US equities lower

New York Stock Exchange
New York - AFP

 Retail stocks, including tech giant Apple, led the broader market lower Monday following a disappointing accounting of the "Black Friday" shopping weekend.
At the closing bell, the Dow Jones Industrial Average stood at 17,780.97, down 47.27 points (0.27 percent).
The broad-based S&P 500 fell 14.04 (0.68 percent) to 2,053.52, while the tech-rich Nasdaq Composite Index sank 64.28 (1.34 percent) to 4,727.35. Apple's 3.3 percent drop weighed on both the Nasdaq and the S&P 500.
Retailers ranging from shopping giant Wal-Mart (-1.5 percent) to department store Macy's (-2.7 percent) and electronics vendor Best Buy (-5.5 percent) suffered after the National Retail Federation said that a survey of consumers estimated that the average weekend shopper spent 6.4 percent less than a year ago.
The day after Thursday's Thanksgiving Day holiday, known as "Black Friday," unofficially kicks off the critical year-end shopping season.
"It was a tough day for anything that is tied to the consumer," said Michael James, managing director of equity trading, Wedbush Securities.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

retail stocks lead us equities lower retail stocks lead us equities lower



GMT 09:45 2021 Friday ,21 May

test

GMT 13:45 2017 Thursday ,09 March

Aubameyang hat-trick leads Dortmund into last eight

GMT 09:09 2017 Wednesday ,19 April

Braille reading contest winners honoured

GMT 15:15 2016 Saturday ,27 February

Armani goes back to black, Black Gold makes comeback

GMT 09:12 2017 Friday ,29 December

Ragheb issues new song with Egyptian accent

GMT 11:44 2011 Friday ,10 June

Builders flock to Makkah to tap pilgrimage boom

GMT 20:49 2017 Sunday ,19 March

UN envoy leaves Cairo

GMT 22:46 2017 Saturday ,16 December

Jordanian journalist happy of her career

GMT 09:42 2017 Monday ,25 September

China rust belt opens door wider to foreign investors
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday