US shares fall despite good retail sales

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NYSE tradersPicture copyright
EPA

(Shut): US shares closed down on Friday regardless of a good set of professional retail sales figures.

The Dow Jones Industrial Reasonable used to be down 1.05% at 17,535.32.

The tech-targeted Nasdaq was down 0.41% at 4,717.Sixty Eight whereas the S&P 500 was down 0.85% at 2,046.Sixty One.

Total retail sales were up by using 1.3% on the month, the very best on the grounds that March 2015, however person corporations Nordstrom and JC Penney, followed Macy’s earlier this week with lower-than-expected sales.

Shares in Nordstrom closed down 13.Forty Two% and J C Penney dropped 2.82% on the information that sales were down.

US Shops have lost out as consumers have spent on dearer items together with electronics, household items and automobiles.

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