Stocks are moderately lower after news of an unexpected drop in retail sales
Wall Street is moderately lower after an unexpected drop in retail sales in March tested a notion that the economy is starting to find its footing.
The worries over the retail sales data also overshadowed better-than-expected profit reports from Johnson & Johnson and Goldman Sachs Group Inc.
Financial stocks showed some of the steepest losses even after Goldman’s results came in well ahead of what analysts had been expecting. Other financial companies are due to report quarterly results this week.
AUSTIN, TX, January 6, 2009 — SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:
Stocks pare gains following mixed readings on factory orders, housing, and service sector
Click here for profile.
Podcast: Download (9.5MB) | Embed
Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, and operates one Black Chandelier retail location and an online store at www.blackchandelier.com.