US producer prices fell 0.1 percent in July, continuing a historic string of declines that began in January, the Labor Department reported. The Commerce Department said retail sales surged 0.6 percent for the month. Wall Street was turbulent upon getting the numbers, with the Dow rising 70 points immediately after opening, then plunging 150 points in the following hour.
Price, Sales Data
US producer prices fell 0.1 percent in July, continuing a historic string of declines that began in January, the Labor Department reported. The Commerce Department said retail sales surged 0.6 percent for the month. Wall Street was turbulent upon getting the numbers, with the Dow rising 70 points immediately after opening, then plunging 150 points in the following hour.
