U.S. data weakens as yields rise and stocks split
U.S. retail sales fell 0.6% in July versus expectations for a 0.1% gain, consumer sentiment dropped to 51, and Treasury yields climbed as small caps held up while tech lagged.
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U.S. retail sales fell 0.6% in July versus expectations for a 0.1% gain, consumer sentiment dropped to 51, and Treasury yields climbed as small caps held up while tech lagged.
Gainers: - Chemicals [SX4P] +1.0% - Telecommunications [SXKP] +0.4% - Automobiles & Parts [SXAP] +0.2% Decliners: - Basic Resources [SXPP] -1.4% - Media [SXMP] -1.3% - Construction & Materials [SXOP] -0.9%
Gainers: - Basic Resources [SXPP] +1.8% - Technology [SX8P] +1.4% - Industrial Goods [SXNP] +1.2% Decliners: - Food & Beverage [SX3P] -0.6% - Personal & Household Goods [SXQP] -0.4% - Media [SXMP] -0.3%
Gainers: - Technology [SX8P] +1.4% - Media [SXMP] +0.5% - Oil & Gas [SXEP] +0.3% Decliners: - Construction & Materials [SXOP] -0.9% - Chemicals [SX4P] -0.8% - Real Estate [SX86P] -0.6%
Global stocks sell off, led by deep losses for tech stocks, with South Korea's Kospi index closing 10% lower and the Stoxx 600 Technology index declining 3%.