Stocks tumbled, led lower by the Nasdaq, which fell -3.0%, or -52 points, to 1,664. The Dow dipped -184 points to 8,285, while the S&P dropped -24 points to 884. Oil slipped -83 cents to $57.88 a barrel, while gold climbed $2.00 to $925.90 an ounce.
Topping the economic headlines, the Commerce Department announced that total retail sales dipped -0.4% in April, and -0.5% excluding autos. Economists were looking for April retail sales to be flat and up 2.0% excluding autos.
The Leveraged ETFs Index was the top performing tickerspy Index on the day, led by Direxion Daily Financial Bear 3x Shares (NYSE: FAZ – News) with a 14% gain.
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