US shares retreat in early trading on mixed data, earnings

NEW YORK, Aug 17 — Wall Street equities took a steep dive after trading opened today, as investors digested tepid retail earnings and a mixed bag of economic data.

Meanwhile, the latest raft of earnings from American retail chains was “underwhelming,” Briefing.com analysis Patrick J O’Hare said. He said the reports “disappointed with either their earnings results or guidance.” About 45 minutes into the trading day, the Dow Jones Industrial Average had lost 0.6 per cent to 33,952.98.

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