Major US stock indexes waver after weak retail sales data [FOX Business Network]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: FOX Business Network
Major US stock indexes waver after weak retail sales data article U.S. stock indexes wavered between small gains and losses in late-afternoon trading Thursday, regaining some ground after an early slide. A loss for the benchmark S&P 500 would break a four-day winning streak. Continue Reading Below Losses in banks and retailers offset gains in health care stocks, technology companies and elsewhere in the market as investors weighed new reports showing retail sales slumped in December amid a weaker-than-expected holiday shopping season. The Commerce Department reported that retail sales in December posted their biggest drop since September 2009. Separately, the National Federation issued figures showing U.S. holiday season sales were weaker than expected. The retail sales reports pulled shares in J.C. Penney and other retailers lower. Those losses were tempered by midafternoon as some economists and analysts questioned whether the government shutdown and resulting delay in collecting t
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