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Market Update : 
Retail Sales, Dollar Drag U.S. Stocks Lower
Author: 123jump.com Staff
123jump.com
Last Update: 10:39 AM EDT March 13 2008

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U.S. stocks pulled back at the opening after the release of retail sales, weekly unemployment and import and export prices. February retail sales declined 0.6% from a revised rise of 0.4% in January. Sales of furniture, auto and parts, and building materials declined the most. Import prices in February rose 0.2% from January and 13.6% from a year ago prompting inflation worries. European markets are trending lower and in Asia, Japan, China, and India fell sharply.

 
In South Korea Kospi Index decreased 43.21 or 2.60% to close at 1,615.62, in Thailand SET index closed lower 12.69 or 1.53% to 814.31 and Indonesia JSE Index edged decreased 115.65 or 4.52% to 2,440.59. Sensex index in India decreased 770.63 or 4.78% to 15,357.35.
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