Retail Sales Up in February; Dow Falls Over 200 Points

The Dow falls over 200 points to end down for the fourth straight day. Geopolitical and economic risks abroad seem to be the cause of this drastic drop. McDonald's (MCD) has multiple class-action lawsuits currently filed against them. Workers in three different states are suing the fast food company over wage theft violations after not being paid for all the hours that they worked. Despite the continued harsh weather, retail sales rebounded slightly in February, up 0.3%. This is the first retail sales gain in three months. The job market seems to be slowly picking up after the winter slump as unemployment applications fell by 9,000 last week.
General Motors (GM) isn't the only company recalling automobiles. Chrysler announced recalls on a small number of Fiat, Dodge, and Jeep vehicles.

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Published on Mar 13, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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