S&P 500 dips as retail sales growth slows

(Reuters) - The S&P 500 slipped further away from record levels at the open on Friday as retail sales rose less than expected in July, adding to worries about a wobbly post-pandemic economic recovery in the absence of a new U.S. fiscal stimulus bill.

Reuters August 15, 2020 01:06:22 IST
S&P 500 dips as retail sales growth slows

SP 500 dips as retail sales growth slows

(Reuters) - The S&P 500 slipped further away from record levels at the open on Friday as retail sales rose less than expected in July, adding to worries about a wobbly post-pandemic economic recovery in the absence of a new U.S. fiscal stimulus bill.

The Dow Jones Industrial Average <.DJI> fell 67.79 points, or 0.24%, at the open to 27,828.93.

The S&P 500 <.SPX> opened lower by 4.77 points, or 0.14%, at 3,368.66. The Nasdaq Composite <.IXIC> dropped 0.27 points to 11,042.24 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

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