NEW YORK – Wall Street stocks retreated Friday following a positive session on European bourses, as disappointing US retail sales data offset a lift from better-than-expected bank earnings. Retail sales fell by a surprisingly big 1 percent in March, extending a downward trend that signals cooling in the world's biggest economy. But that downcast reading was countered by surprisingly good earnings from JPMorgan Chase and other large banks that cheered investors nervous about the sector. After opening modestly higher, major US indices spent the rest of the day in the red.

https://business.inquirer.net/396154/global-stocks-mixed-after-weak-us-retail-sales-data

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