Stocks mixed...Amazon drops NYC HQ...Unemployment claims up slightly
NEW YORK (AP) — Stock indexes are mixed in afternoon trading on Wall Street after starting the day lower on news of a surprise drop in retail sales. Worries about the trade war with China, the government shutdown and stock market turmoil dampened shopper spending in December. Stocks recovered slightly during midday trading.
NEW YORK (AP) — Amazon is dropping New York City as one of its new headquarters locations, and will not search for another. The deal would have brought 25,000 jobs to the city. Amazon reversed course after politicians and others objected to the nearly $3 billion in tax incentives promised to the company.
WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009. It’s more evidence that last year’s holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but remains at levels low enough to show that most workers enjoy job security. Unemployment claims rose 4,000 to 239,000.
WASHINGTON (AP) — U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again, dipping 0.1 percent. The monthly declines were more evidence that inflation remains under control.