Stocks sink as Dow sheds 613 points All three of the major U.S. averages fell over 1% after retail sales dropped, suggesting the consumer is pulling back on spending amid the inflation crunch. Additionally, Microsoft and Amazon confirmed thousands of job cuts fueling recession fears. In commodities, oil rose 0.8% to $79.48 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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