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S&P 500 slips from record levels after July retail sales decline
The move followed data showing U.S. retail sales fell in July, pointing to softer consumer demand.
U.S. stocks pulled back from recent record levels after data indicated consumer spending cooled in July, according to WSJ Markets.
The outlet reported that July retail sales declined, a development that weighed on sentiment in the broader market session.
As the S&P 500 slipped, investors appeared to refocus on whether consumer demand remains strong enough to support corporate earnings momentum.
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