Wall Street today: US stocks slip after strong retail sales data | Stock Market News

US stocks slipped on Tuesday, as investors become cautious ahead of the Federal Reserve’s interest rate decision following strong retail sales data,

At the open, the Dow Jones Industrial Average fell 61.0 points, or 0.14%, to 43,656.47. The S&P 500 fell 21.5 points, or 0.35%, to 6,052.55, while the Nasdaq Composite dropped 78.3 points, or 0.39%, to 20,095.618. 

Oil prices fell on Tuesday as Chinese economic data renewed demand concerns.

Brent crude futures eased 78 cents to $73.13 a barrel by 1415 GMT while US West Texas Intermediate crude was down 83 cents at $69.88.

Gold slipped on Tuesday on strengthening US dollar.

Spot gold was down 0.6% at $2,636.89 per ounce, as of 9:18 am ET (1418 GMT). US gold futures shed 0.7% to $2,650.50.

Spot silver was down 0.7% to $30.30 per ounce.