U.S. Stocks Post First Weekly Loss in 6 Weeks; Retail Sales Up 0.6%
U.S. stocks end the day down, posting their first weekly loss in 6 weeks. Target's (TGT) new CEO, the first to be hired from outside the company, looks to bring in change and a new perspective as the retailer is still struggling to recover from the massive security breach that occurred at the end of 2013. Brian Cornell, Target's new CEO, thinks a recommitment to fashion and trends will help the company recover. Retail sales were up 0.6% in August as consumers stepped up their spending. The Commerce Department reported that retail sales last month grew at the fast pace since April.
Word on the Street
Published on Sep 12, 2014By InvestorGuide Staff