US shares unmoved by good retail sales

Jessica TranterLast Update : Friday 13 May 2016 - 5:47 PM
US shares unmoved by good retail sales

US shares trade mixed despite stronger retail sales

NYSE tradersImage copyright EPA

(Open): US shares open mixed-to-lower despite a positive set of official retail sales figures.

The Dow Jones Industrial Average was down 40.58 at 17,679.92.

The tech-focused Nasdaq was up 13.59 at 4,750.92, while the S&P 500 was up 1.67 points at 2,065.78.

Overall retail sales were up by 1.3% on the month, the best since March 2015, but individual companies Nordstrom and JC Penney, followed Macy’s earlier this week with lower-than-expected sales.

Nordstrom was down 14% and JC Penney lost 3%.

Wal-Mart was down 3%.

Source: BBC Business

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2016-05-13 2016-05-13
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Jessica Tranter