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US Retail Sales Drop

U.S. retail sales declined in December, which worried investors and drove down stock prices on Wednesday. The Commerce Department says retail sales fell nine-tenths of a percent for the month. Economists watch retail sales closely because consumer demand drives most U.S. economic activity. Outside volatile areas like energy and autos, sales in the overall economy fell by a more modest four-tenths of a percent. Analysts say consumers are spending cautiously because wages are...

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