Wall Street Opens Lower On Weak Retail Sales Report

by MR Magazine Staff

Stocks opened slightly lower on Wall Street on Friday after retail sales and the producer price index came in softer than expected in July. The weakness was seen as sign of consumer caution, although falling gasoline prices also contributed. Global stocks wavered as investors looked to see whether the three major United States indexes can add to their record close as well as upcoming retail sales figures. See more at The New York Times.