FKLI related news

Coming off a huge gain on Friday, the Dow Jones Industrial Average (INDEX: ^DJI  ) couldn't keep the momentum going, dropping 0.4% today. It was the seventh drop in eight sessions for the Dow. A disappointing retail sales report was the main catalyst for the decline today, as retail sales dropped for a third straight month, down 0.5%, versus analyst expectations for a small increase. Further stoking concerns over the global economy, the IMF cut its forecast for global growth and called on European leaders to do more to deal with the debt crisis.  (Motley Fool)

U.S. retail sales unexpectedly fell for a third month in June amid weak job growth. The 0.5 percent drop exceeded the most pessimistic forecast in a Bloomberg News survey that called for a median 0.2 percent gain.

Growth worldwide will be 3.9 percent next year, less than the 4.1 percent estimate in April, the IMF predicted in an update of its World Economic Outlook.