Dow Falls 175 Points on Awful Retail Sales Data While Bitcoin Price Continues Slow Bleed

A historically-abysmal decline in consumer spending crushed the US stock market on Thursday, causing the Dow to open to triple-digit losses just hours after it looked like the index would continue its mid-week rally. The bitcoin price, meanwhile, continued its slow bleed down toward interim support at $ 3,550 and could very well be on the verge of another large sell-off. Weak Retail Sales Report Crushes Dow at Thursday Open As of 9:37 am ET, the Dow Jones Industrial Average had dropped 176.86 points or 0.69 percent. The bearish trend rippled throughout the wider stock market as well, pushing the S&P

The post Dow Falls 175 Points on Awful Retail Sales Data While Bitcoin Price Continues Slow Bleed appeared first on CCN

News – CCN