Stocks Fall on Strong Retail Sales Data
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Stocks slid after hotter than expected September retail sales. Dow down 86 points, S&P 500 down 0.7%, Nasdaq down 1.1%.
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Earnings season ramping up but overshadowed by Middle East tensions and economic news.
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Retail sales rose 0.7% in September, exceeding expectations. Boosted Treasury yields back near highs.
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U.S. stock futures slid after hot retail sales data. Dow futures down 0.3%, S&P 500 down 0.4%, Nasdaq down 0.6%.
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Asian markets mostly rose, recouping some losses. Japan's Nikkei 225 gained 1.2%, Hong Kong's Hang Seng up 0.8%.