Stocks fell on Friday on the back of a record plunge in U.S. retail sales and rising trade tensions between China and the U.S.
The Dow Jones Industrial Average dropped 250 points, or 1%. The S&P 500 slid 1.1% while the Nasdaq Composite declined by 1.2%.
U.S. monthly retail sales fell by 16.4% in April, a record. Economists polled by Dow Jones expected a decline of 12.3%. So-called core retail sales -- which exclude auto, gas, food and building materials sales -- dropped 15.3%.
Source: CNBC