Stocks slip as investors seek safety after weak sales data
NEW YORK (AP) — U.S. stocks dipped Wednesday as investors worried about weak retail sales and oil prices sank. The Commerce Department said retail spending decreased in May, which surprised experts. Investors reacted by buying traditionally safe assets like government bonds and high-dividend companies while selling stocks from other industries that depend more on economic growth. After a late tumble in technology stocks, the Nasdaq composite lost 25.48 points, or 0.4 percent, to 6,194.89. The... Читать дальше...