Power Breakfast: US Stocks Slide After Disappointing Home Depot Forecast, Weak Retail Sales Data
Zee Business Video Team | Updated: May 17, 2023 08:08 am
US markets closed with weakness. The Dow slipped 336 points. US retail sales in April were weaker than expected. Retail sales increased 0.4% in April from March when it was down 0.7%. Apart from this, Home Depot's stock plunged more than 2%. S&P remained in a range due to an increase in the debt limit and policy concerns. European markets also closed with weakness yesterday. Today Europe's April retail inflation figures will come.
