U.S. Stocks Extend Slump to 15-Month Low After Retail Sales Data

January 15, 2016 5:32 PM

26 0

U.S. stocks sank to a 15-month low, with the Standard & Poor’s 500 Index tumbling below a low hit on Aug. 25, as the rout in oil persisted and data showing falling retail sales rekindled concern about the health of the economy.

Financial and energy companies led losses in the S&P 500 today, as only 11 companies in the gauge advanced. Goldman Sachs Group Inc. fell 4.1 percent after agreeing to settle a U.S. probe into its handling of mortgage-backed securities, a move that will cut its fourth-quarter profit by about $1.5 bi...

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

Read more

To category page

Loading...