Wall St drops after retail sales decline
15-04-2009
Wall Street investors moved out of US stocks and into relatively safer assets such as Treasuries and the dollar overnight after an unexpected drop in US retail sales dampened hopes that the world's largest economy could be stabilizing.
The Dow Jones industrial average closed off 137 points, or 1.71 percent, at 7,920, while the Standard & Poor's 500 Index declined 17 points, or 2.01 percent, to 841. The Nasdaq Composite Index fell 27 points, or 1.67 percent, to 1,625.
