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U.S. stocks open lower after weaker-than-expected retail sales

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U.S. stocks opened modestly lower Tuesday after fresh data showed retail sales in April rose less than forecast. The Dow Jones Industrial Average was down 0.4% soon after the opening bell:

U.S. stocks opened modestly lower Tuesday after fresh data showed retail sales in April rose less than forecast. The Dow Jones Industrial Average DJIA, -0.53% was down 0.4% soon after the opening bell, while the S&P 500 SPX, -0.31% slid 0.

3% and the Nasdaq Composite COMP, -0.07% shed 0.3%, according to FactSet data, at last check. Sales at U.S. retailers increased 0.4% in April, according to a report Tuesday from the U.S. Census Bureau. Economists polled by The Wall Street Journal had forecast a 0.8% rise in retail sales.

 

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