new York Weak retail sales in the US pushed Wall Street slightly lower despite strong balance sheets from major US banks. The Dow Jones index of standard values was 0.1 percent weaker at 33,982 points when it opened on Friday. The broader S&P 500 lost 0.2 percent to 4140 points. The Nasdaq technology exchange index fell 0.4 percent to 12,118 jobs.
US retail sales in March fell 1.0 percent from the previous month. Economists polled by Reuters had expected a drop of 0.4 percent. “These numbers are quite a disappointment,” said Robert Pavlik, portfolio manager at money manager Dakota Wealth. “They suggest that the economy could actually be slowing to the point where we have to worry about recession rather than inflation.”
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