Fall in U.S. retail sales erases world stock market rally
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NEW YORK (Reuters) - The steepest decline in U.S. retail sales since 2009 in December erased broad gains in world stock markets on Thursday and pushed investors into the safety of government bonds. European shares fell 0.3 percent after earlier touching three-month highs. On Wall Street, the Dow Jones Industrial Average fell 115.97 points, or 0.45 percent, to 25,427.3, the S&P 500 lost 9.83 points, or 0.36 percent, to 2,743.2 and the Nasdaq Composite dropped 5.12 points, or 0.07 percent, to..