US stocks slide from record highs as traders digest blowout retail-sales report
US stocks slide from record highs as traders digest blowout retail-sales report Emily GraffeoFeb 17, 2021, 20:47 IST REUTERS/Brendan McDermid US retail sales surged 5.3% in January, the most in seven months. Bitcoin rose to a new high above $51,700 while oil prices remained elevated. US stocks pulled back from record highs Wednesday morning as investors weighed whether strong retail sales indicate a positive economic recovery or a signal that could dampen congressional urgency around passing the next stimulus bill.US retail sales soared in January by the most in seven months. Sales grew 5.3%...
Source: businessinsider.in