Dow falls more than 200 points over consumer spending and interest rate worries as observers say tall rents may curtail shopping during the holiday seasonThe economy might be faring better this year,but that does not mean Americans will be going all out this holiday season, according to the latest economic data. US retail sales barely rose in October, and thanks to lower-than-expected car sales,data released on Friday shows. Could this be a sign of gloomy sales ahead? It might be too early to say, but the news was enough to push US stock markets lower. Related: American wages remain at 1997 levels as recovery fails to lift middle class Continue reading...
Source: theguardian.com