US stocks lower
Tuesday, 16 August 2022
NEW YORK, Aug 15 (AFP): Wall Street stocks opened lower on Monday, handing back a fraction of recent gains ahead of key US retail sales and earnings reports.
Analysts cited weak Chinese industrial and retail sales data that prompted the People's Bank of China to cut interest rates. The disappointing data was compounded by a gloomy reading from the New York Federal Reserve Bank on regional manufacturing activity.