Weighed Down by Obamacare, Etc, Is the Weak Holiday a Surprise?

The Associated Press reports, “Early signs of weak holiday spending send retail stocks lower as traders return from holiday.” Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy’s and Kohl’s each fell 2 percent Monday, while Target fell 1 percent, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene and AbbVie each fell 3 percent. The Dow Jones industrial average gave up 78 Read more […]