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