Consumer Credit Growth Slows as Dow Tops 15,000 for the First Time

On Tuesday it was announced that job openings in the US have fallen from the five-year high hit in March. The Labor Department noted more firing and less hiring in the job market as well. Also indicators are showing that consumer worries over the future of the economy continue to grow. HSBC (HBC) reported earnings on Tuesday that nearly doubled profit made during the same quarter of 2012. Citigroup (C) filed a lawsuit against Barclays PLC (BCS) involving the collapse of Lehman Brothers Holdings.
Electronic Arts (EA) announced a drop in sales and earnings for its fourth quarter, though the company was in line with expectations. Consumer credit increased in March but it was by the smallest amount since last July and was below expectations on Wall Street.

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Published on May 7, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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