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Jan. 15, 2021, 4:04 p.m. EST

Dow ends down over 170 points after disappointing December retail sales

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By Sunny Oh

U.S. stock-market benchmarks finished lower on Friday, booking weekly losses after a third straight drop in retail sales highlighted weakness in consumer spending at the turn of the year. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.50% fell 177 points, or 0.6%, to 30,814, based on preliminary numbers. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.48% slipped 0.7% to end around 3,768. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.56% slid 0.9% to finish near 12,999. For the week, the S&P 500 and Nasdaq both fell 1.5%, while the Dow shed 0.9%. The disappointing retail sales data added to the urgency of further fiscal support. President-elect Joe Biden unveiled a proposed $1.9 trillion stimulus package on Thursday evening, but the bill has drawn widespread skepticism among analysts who question the package's viability. Investors also watched the unofficial start to corporate earnings season, with JPMorgan Chase /zigman2/quotes/205971034/composite JPM -2.65% reporting profits that beat expectations. However, revenues for Citigroup /zigman2/quotes/207741460/composite C -2.27% and Wells Fargo /zigman2/quotes/203790192/composite WFC -3.70% fell short of analyst estimates.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,932.37
-469.64 -1.50%
Volume: 538.91M
Feb. 26, 2021 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,811.15
-18.19 -0.48%
Volume: 3.12B
Feb. 26, 2021 5:04p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
13,192.35
+72.91 +0.56%
Volume: 5.02M
Feb. 26, 2021 5:16p
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/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 147.17
-4.01 -2.65%
Volume: 19.83M
Feb. 26, 2021 4:00p
P/E Ratio
16.56
Dividend Yield
2.45%
Market Cap
$449.09 billion
Rev. per Employee
$498,110
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/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 65.88
-1.53 -2.27%
Volume: 24.18M
Feb. 26, 2021 4:02p
P/E Ratio
13.10
Dividend Yield
3.10%
Market Cap
$137.17 billion
Rev. per Employee
N/A
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/zigman2/quotes/203790192/composite
US : U.S.: NYSE
$ 36.17
-1.39 -3.70%
Volume: 39.47M
Feb. 26, 2021 4:02p
P/E Ratio
88.96
Dividend Yield
1.11%
Market Cap
$149.53 billion
Rev. per Employee
$293,069
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