Broadest decline for U.S. stocks in 2 months

Article Abstract:

The increase in the price of oil tagged at $53 a barrel on 7th October 2004, a trend that is continuing from past two months has raised concern that fuel costs would hamper profit growth and would crimp consumer spending. This situation led to drop in stocks of Wal Mart Stores Inc., the world largest retailer, who lost 43 cents to $53.55 and also affected other retailers share prices.

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Economy's gains slowed as trade deficit widened

Article Abstract:

The US economy grew at a slower pace in the first quarter of 2004 due to the increased trade deficit but the 3.9 percent rate indicated the possibility of a sturdy recovery. Economic reports revealed that the market for previously owned homes was healthy and the consumers had an optimistic outlook.

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Retail sales benefit stocks: The markets rebounded moderately following a stronger-than-expected Commerce Dept. report

Article Abstract:

Stocks rebounded moderately on 15th October 2004 as a stronger-than-expected retail sales report showed that higher oil prices are not deterring consumers from spending. According to the Commerce Department of America, the retail sales jumped 1.5 percent in September 2004.

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