Despite cheaper gas and interest-free car loans that stretch six years, auto sales in October posted a surprise decline, the Commerce Department said Friday — while retailers continued to post disappointing sales for the three months ended Oct. 31.
Wall Street, fearful that consumers are running out of cash heading into the crucial Christmas retail season, are selling off retail stocks and everything else sensitive to consumer spending.
The Dow Jones industrial average has fallen over 600 points, or 3.4 percent, over the last eight trading sessions. The S&P 500 is down 3.7 percent over the same span.
Overall, retail sales edged up 0.1 percent last month after being unchanged in September, Commerce reported. Economists had forecast sales increasing 0.3 percent.
Car sales fell 0.5 percent in October after rising 1.4 percent in September, according to Commerce.
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The Dow Jones industrial average has fallen over 600 points, or 3.4 percent, over the last eight trading sessions. The S&P 500 is down 3.7 percent over the same span.
Overall, retail sales edged up 0.1 percent last month after being unchanged in September, Commerce reported. Economists had forecast sales increasing 0.3 percent.
Car sales fell 0.5 percent in October after rising 1.4 percent in September, according to Commerce.
More
10 comments:
It is too funny that the majority of posts today all center around the fear of some immigrants settling in Maryland but not on comment in either if the two stories dealing with important issues that have far worse outcomes than a few muslims. Your economy is crumbling around you and you are oblivious to it.
Well how many will be shopping at malls this Christmas season?
There will be plenty of shopping. Folks will be spending there credit as always.
"important issues that have far worse outcomes than a few muslims."
I'm fairly certain that was the attitude in Paris. What harm could a few muslims do, right?
If you don't believe tens of thousands of inverted immigrants is important then you obviously have no clue. There aren't enough jobs for American citizens when you consider the millions of illegal aliens already here and you want to add thousands more. The fact is these two stories are intertwined, you just refuse to see it.
Be vigilant 4:53 has a point. The other shoe is gonna drop. While they continue to steal, lie and deceive us.
Be vigilant 4:53 has a point. The other shoe is gonna drop. While they continue to steal, lie and deceive us.
The reason we have no money. Funding the lazy welfare BLM for decades. People collecting SSI who never worked a day in their useless lives. Illegal immigrants collecting welfare and Medicare. Obama Dumas care for Muslims and Muslims ONLY!!! HE IS NO BETTER THAN THE BLM ORGANIZATION.
I spent all my money on a healthcare policy and could not afford anything else , but that is not mentioned in the article
I am going to empty my golf bag of loose change and go buy some beer
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