NEW YORK: Stocks slipped on Friday for the third time in four sessions as worries about the US economy and corporate earnings took the shine off surprisingly strong readings on retail sales and consumer sentiment.
The market surged more than 1% at the open after retail sales showed American consumers went on a spending spree in March even as sentiment was hitting decade lows. A rebound in confidence in early April suggested consumption should stay strong enough to steer the economy clear of recession.
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