US Stocks Take a Breather Near Record Highs
What Happened
US markets opened slightly lower after hitting record highs in the previous session. The Dow Jones fell 0.26% to 53,702, the S&P 500 slipped 0.19% to 7,786, and the Nasdaq 100 declined 0.54% to 29,921 as investors reacted to weaker-than-expected retail sales data.
Key Takeaways
Cooling inflation continues to support market sentiment, but weaker consumer spending data triggered some profit-booking after Wall Street's recent record rally.