Wall Street opens lower on weak retail sales
Wall Street is down sharply in early trading after the government reported weaker-than-expected retail sales in April.
The market has put on hold a two-month rally amid concern that an economic recovery won't be as fast as once hoped. The disappointing retail sales report has added to the week's drop.
The Commerce Department said Wednesday retail sales fell 0.4 percent in April. Economists had forecast sales would be flat for the month. March sales figures were revised lower as well, to a decline of 1.3 percent from a previous estimate of 1.1 percent.
The Dow Jones industrial average is down 126 at 8,345. The Standard & Poor's 500 index is down 11 at 897, while the Nasdaq composite index is down 18 at 1,698.