Stocks Fall As Retailers, Economic Data Disappoint
U.S. stocks fell in early trading Thursday, as disappointing economic data and a couple bad earnings reports from the retail industry forced investors to seek safety. The Labor Department said Thursday, U.S. consumer prices rose at their fastest pace in nearly a year in April. The consumer price index, an often-quoted barometer of inflation in the U.S., rose by 0.3 percent last month due to higher food and gas prices. Inflation is on pace to rise 2 percent this year.
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