Has Obama caused business reverses?

Big Money

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The stock market fell on Wednesday as a poor earnings report from Macy's cast doubt on the outlook for consumer spending, a vital component of the U.S. economy.

Other department store stocks also fell.

The Dow Jones industrial average dropped 113 points, or 0.7%. The S&P 500 index fell 0.5% -- again settling far below the benchmark 1,700 level -- and the Nasdaq composite shed 0.4%.

If one thing has been booming under Obama it's the stock market. Not sure that a down day changes any of that.