Friend, U.S. Stocks Stem Declines following Lackluster Retail Sales Report | Tradinggods.net

[TradingGods.net Logo] ****Advertisement***** [The top three 5G stocks to buy right now]( FREE Report: This new tech will be more impactful than the steam engine, electricity and the internet. [Click here to get the names of 3 stocks that are URGENT buys.]( *****Advertisement***** Dear Trading God Friend, Stocks finish lower as attention shifts to budget talks. U.S. stocks traded mostly lower on Thursday, as the major benchmarks bounced back from a volatile open that was triggered by an unexpected drop in retail sales. The large-cap S&P 500 Index (NYSEARCA:SPY) pared losses to finish at 2,745.68, where it was down 0.3%. Consumer staples and financials stocks headed for big losses, while energy and communication services posted gains. The Dow Jones Industrial Average (NYSEARCA:DIA) closed down 104.69 points, or 0.4%, to 25,438.58. Meanwhile, the technology-focused Nasdaq Composite Index finished up 0.1% at 7,426.95. A measure of implied volatility known as the CBOE VIX (NYSEARCA:VXX) spiked to multi-week highs through the early morning session. It would later pare gains to settle at 15.99, where it had gained 2.2%. In economic data, U.S. retail sales plunged unexpectedly in December, casting doubts over the health of the consumer-led recovery. Receipts at retail stores declined 1.2% on month, the Department of Commerce reported Thursday. That was the single worst month since September 2009. Excluding automobiles, sales fell 1.8% month-over-month. In a separate report, the Department of Labor said producer prices declined 0.1% in January and were up 2% annually. However, core inflation rose 0.3% on month and 2.6% annually, official data showed. The Final Word: It remains to be seen whether the slowdown in consumer spending was just a one-off or the beginning of a more troubling trend. Consumer spending is the principal driver of the U.S. economy, accounting for more than two-thirds of economic output. We'll talk soon, Dan Dan The Trading God *****Advertisement***** [You? A "marijuana millionaire"?]( Even if you'd never touch the stuff, there's a huge opportunity for profit. Free pot stock profit calendar reveals the dates you MUST know before you ever buy or sell a pot stock. [Click here now for instant access.]( *****Advertisement***** [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html