2024-02-15 15:52:00 ET
Summary
- U.S. retail sales fell more than expected in January, with declines in building materials, cars, and gas sales.
- The weak sales figures initially boosted hopes of a rate cut by the Fed, but sentiment in the markets turned later.
- Warren Buffett's Berkshire Hathaway trimmed its stake in Apple and made new investments in Brazilian fintech StoneCo and U.S. homebuilder D.R. Horton.
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Is the bloom off the big-spending rose? (0:16) Warren Buffett trims his stake in Apple. (1:59) Super Micro gets another vote of confidence . (3:31)...
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Wall Street Lunch: Retail Sales Stumble