US STOCKS-Wall St falls after weak retail data
* Retail sales data worse-than-expected
* Big manufacturer shares down
* Drugmakers climb as investors bet on defensive stocks
* Dow off 2.2 pct, S&P off 2.5 pct, Nasdaq off 2.6 pct
[For up-to-the-minute market news click [STXNEWS/US] (Updates to mid-afternoon, changes byline)
By Leah Schnurr
NEW YORK, May 13 (Reuters) - U.S. stocks tumbled on Wednesday as worse-than-expected retail sales hurt shares in the sector, including Wal-Mart Stores Inc, and dampened recent enthusiasm over the economic outlook.
Government data showed sales at retailers fell for a second straight month in April, after a string of more upbeat reports suggested a turning point in the economic cycle.
Retail activity is a closely followed indicator, as it accounts for roughly two-thirds of the U.S. economy. Analysts had forecast no change or even a small increase in retail sales, excluding autos. (For details, double-click[ID:nN13384420]) Continued...
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