US stock market falls after retail sales report
NEW YORK- The U.S. stock market is falling in early trading to begin a week full of hints about the health of the nation's retailers.
Americans boosted spending at retail stores in April, according to the Commerce Department, surprising some economists. Earlier declines on major markets were cut in half after the report.
The Dow Jones industrial average was down 27 points to 15,091, a decline of 0.2 percent, shortly after the market opened Monday. The broader Standard & Poor's 500 index fell two points to 1,631, also down 0.2 percent.
The Nasdaq fell one point to 3,434.
A number of big chains are posting earnings this week, including beleaguered J.C. Penney.
Macy's posts earnings on Wednesday, followed by Wal-Mart, Nordstrom and J.C. Penney on Thursday.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
North Carolina police release dash cam shooting footage (Warning: Graphic Video)
North Carolina police release shooting footage (Graphic video warning)
West BR to implement traffic flow measures on LA 1 starting Monday
Man claims his severe losses came from contractor, not flood
Local teen prepares for 9th open heart surgery