You are here

US: Wall St opens lower on weak retail sales data

file73urm916ln93x50q4kp.jpg
US stocks opened lower on Thursday, as a surprise drop in retail sales in December suggested a sharp slowdown in economic activity at the end of 2018, overshadowing hopes of a breakthrough in the US-China trade talks.

[NEW YORK] US stocks opened lower on Thursday, as a surprise drop in retail sales in December suggested a sharp slowdown in economic activity at the end of 2018, overshadowing hopes of a breakthrough in the US-China trade talks.

The Dow Jones Industrial Average fell 82.62 points, or 0.32 per cent, at the open to 25,460.65.

The S&P 500 opened lower by 9.53 points, or 0.35 per cent, at 2,743.50. The Nasdaq Composite dropped 30.13 points, or 0.41 per cent, to 7,390.25 at the opening bell.

REUTERS

sentifi.com

Market voices on: