Retail Sales, Oil Sink Stocks- AP

[StevieD]

:SIB Top Stories
Retail Sales, Oil Sink Stocks- AP
Wall Street tumbled for a second session Wednesday after a government report on retail sales and a jump in oil prices raised investors' concerns about consumers ability to spend and feed economic growth.
:SIB

 

[marine]

Why on earth are they mentioning retail sales in this? It's pretty concrete that only a rise in oil prices can cause the market to drop.

signed,
utterly befuddled.

 

[IntenseOperator]

My business is up 25% mostly thanks to the current oil situation:00hour Best year I've ever had.

I'm in retail.