US Stock Market Sees Slight Decline Amid Retail Sales Data

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US Stock Market Sees Slight Decline Amid Retail Sales Data
Photo: Mark Lennihan/AP/TT

New York stock exchange fell back somewhat on Tuesday from the record levels that were achieved the day before.

Broad S&P 500 index and Nasdaq's technology-heavy composite index both lost 0.1 percent, while the Dow Jones industrial index fell 0.3 percent.

Prior to Wednesday's interest rate decision from the US central bank Federal Reserve, new statistics on Americans' shopping habits arrived. It showed that retail sales in August were larger than expected, but the explanation can just as well be rising prices as increased purchasing desire.

Among individual companies, The New York Times was noticed. The stock retreated 1.6 percent after President Donald Trump sued the newspaper and four of its journalists for 15 billion dollars, equivalent to approximately 140 billion kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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