US stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom and JC Penney overshadowed upbeat April retail sales data.
The decline in the department stores' shares marked the end of a week that highlighted the expanding clout of Amazon.com and the plight of brick-and mortar retailers struggling to keep up with the online seller.
Crude prices slipped as a stronger dollar weighed and investors cashed in on gains from a three-day rally.
That pushed the S&P energy index down 1.25 per cent.
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The decline in the department stores' shares marked the end of a week that highlighted the expanding clout of Amazon.com and the plight of brick-and mortar retailers struggling to keep up with the online seller.
Crude prices slipped as a stronger dollar weighed and investors cashed in on gains from a three-day rally.
That pushed the S&P energy index down 1.25 per cent.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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