- The Washington Times - Tuesday, April 14, 2009

Wall Street fell Tuesday after a surprisingly weak retail sales report upended the market’s optimism about the economy. The poor sales data, combined with a sharp drop in wholesale prices, overshadowed better-than-expected earnings reports from Johnson & Johnson and Goldman Sachs. Financial stocks were especially weak after Goldman said it would raise $5 billion to repay government bailout money.

The Dow Jones industrial average fell 137.63, or 1.7 percent, to 7,920.18.

The Standard & Poor’s 500 index fell 17.23, or 2 percent, to 841.50.

The Nasdaq composite index fell 27.59, or 1.7 percent, to 1,625.72.

For the week:

The Dow is down 163.20, or 2 percent.

The S&P; is down 26.82, or 1.6 percent.

The Nasdaq is down 15.06, or 1.8 percent.

For the year:

The Dow is down 856.21, or 9.8 percent.

The S&P; is down 61.75, or 6.8 percent.

The Nasdaq is up 48.69, or 3.1 percent.

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