Dow Dips Lower; Retail Spending Up


0  Updated at 3:35 pm, May 13th, 2013 By: ABC Digital
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Hemera/Thinkstock(NEW YORK) — Stocks were narrowly mixed at the start of a week loaded with data about the retail sector.

The Dow Jones Industrial Average lost 26.81 points, or 0.2 percent, to close at 15,091.68. The Nasdaq Composite closed the session up just 2.21 points, closing at 3,438.79. The S&P 500 inched up only 0.07 points to 1,633.77.
Following a week in which the major averages reached new highs, investors tapped the brakes Monday, questioning whether stock valuations are out ahead of any improvement in the economy.

On the plus side, data released Monday showed Americans increased their retail spending in April, buying more cars and clothes after cutting purchases in March. Retail sales edged up 0.1 percent in April.

Copyright 2013 ABC News Radio

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