FX.co ★ US Stocks Edge Down

At the opening, US main indices experienced a decline of nearly 0.3%, with the S&P 500 and Nasdaq falling for the first time in four sessions, as renewed concerns about the economic outlook resurfaced. Retail sales edged up by 0.1% in April, slightly above the expected stagnation, whereas core retail sales—which bear a more direct impact on GDP calculations—declined by 0.3%. Concurrently, producer prices saw an unexpected drop of 0.5%, primarily due to declining margins, suggesting that companies might be absorbing some of the cost pressures from heightened tariffs. The energy, consumer discretionary, and health sectors incurred the most significant losses. Apple shares dipped by 0.2% following President Trump's opposition to the company manufacturing its products for the US market in India. UnitedHealth faced a steep decline of over 15% after reports emerged that the Justice Department is conducting a criminal investigation into potential Medicare fraud involving the company. Additionally, Walmart fell by 4.7% after cautioning about impending price increases later this month attributed to tariffs.