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Retail Sector Sees Down Day on Wall Street
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FBN’s Nicole Petallides breaks down the day in the markets.
- Duration 1:12
- Date Jun 13, 2012
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FBN’s Nicole Petallides breaks down the day in the markets.
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Baghdad let's go first to -- -- he's at the New York Stock Exchange.
As I said doubts -- process flat -- 34 times today but.
It was really retailers.
That the bad news on the retail sector began to sink in and that's what kept -- negative.
That's right data we saw many of those retailers down more than 2% many of which were down more than 4%.
Retail sales came in.
This month a loser on the back on the heels of last month another losing not we seventeen back to back losses and a couple Beers to -- retail sales numbers.
Certainly killing confident and the retailers -- -- okay JPMorgan of course a big story today the CEO Jamie Dimon met up facing off against the senate banking committee but it's one of the few big bank stocks that is managing to post some gains here.
Hold up into the close here -- about one and a half percent but I have been up more than 3% the -- That's right did I did pretty well today considering considering he didn't want to get another headline want to get through that.
-- JPMorgan's underwriters Bank of America pull back the JPMorgan.
-- -- -- Some very something else.
Warf was so I guess -- ended up about 2%.
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