U.S. Stock Market Opens Lower After Downbeat Economic Data
Wednesday, 15 May 2019 20:44 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

U.S. stocks opened broadly lower Wednesday after a round of downbeat economic data, including a fall in April retail sales.

The Dow Jones Industrial Average fell 153 points, or 0.6%, while the S&P 500 was off 0.5% near 2,819.20. The Nasdaq Composite was off 0.6% to 7,692.73.

Retail sales fell 0.2% in April, versus a forecast for a rise of 0.1%. Sales declined in most major segments including autos, home centers and Internet stores.

Separately, data from the Federal Reserve showed industrial production fell 0.5% in April. The downbeat figures and continued worries over U.S.-China trade tensions appeared to outweigh a strong showing by the New York Fed's Empire State manufacuring index, which rose to a six-month high in May.

Source : Market Watch

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