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Dow falls 400 points as stocks open lower after weak retail sales, bank earnings

U.S. stocks opened reduce Friday, less than tension right after a a lot weaker-than-expected looking through on December retail income and earnings from main banking institutions. The Dow Jones Industrial Common
DJIA,
-.56%
fell 400 details, or 1.1%, to 35,714, when the S&P 500
SPX,
+.08%
dropped .8% to 4,624. The Nasdaq Composite
COMP,
+.59%
was down .5% at 14,739. Retail gross sales fell 1.9% in December, in contrast with expectations for a .1% drop. Major Wall Street banks kicked off earnings season ahead of the bell. JPMorgan Chase & Co.
JPM,
-6.15%
and Citigroup Inc.
C,
-1.25%
documented lessen gains on Friday, even though Wells Fargo’s
WFC,
+3.68%
earnings climbed and beat Wall Avenue targets.

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Sarah Jackson

Sarah Jackson is dedicated writer on Finance latest trends topics and have enormous knowledge in Finance & Accounting. Sarah is from Leeds, United Kingdom. Her finance and english skills are of top level and able to deal all kind of topics in same category. She also worked in London Stock Exchange.

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