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Posted On: 04/12/2013 10:45:36 AM
Post# of 28539
Posted By: testdemo
Retail sales, banks drag Wall Street lower

Traders work on the floor at the New York Stock Exchange By Leah Schnurr NEW YORK (Reuters) - Wall Street declined on Friday, pulling back from record levels set a day earlier, after retail sales unexpectedly dropped last month and as results from major banks failed to impress investors. Data showed retail sales fell 0.4 percent in March, while February's strong gain was revised down slightly. Consumer spending plays a key role in the U.S. economy, accounting for two-thirds of activity. Another report showed consumer sentiment fell to a nine-month low in early April amid gloom about the long-term health prospects for the U.S. economy. ...



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