Stocks Mixed After Strong Retail Sales

By: Associated Press
By: Associated Press

Although the Dow has been higher in early trading, other stock indexes are lower so far today.

A strong report on retail sales isn't pushing aside worries about the economy. The government reported before the market opened that retail sales rose 0.8 percent in March -- a sign that consumers aren't being sidelined by surging gasoline prices.

U.S. companies restocked at a steady pace in February, suggesting businesses are more hopeful about sales.

The Commerce Department says business stockpiles rose a seasonally adjusted 0.6 percent. That's below January's upwardly revised gain of 0.8 percent.

There's also word today that the outlook among U.S. homebuilders dimmed in April after six months of rising or steady confidence. The decline suggests the housing market remains weak despite modest gains.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 147590465 - kbtx.com/a?a=147590465