9 hours ago
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Anders Bylund, The Motley Fool
Fri, August 14, 2026 astatine 12:14 PM CDT 4 min read
The American user has been carrying this system for months. Friday greeting brought 2 reports suggesting the load is getting heavy. Stocks responded with a slow, unglamorous slide.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) is down 0.44% arsenic of 12:00 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) has slipped 0.21%, and the S&P 500 (SNPINDEX: ^GSPC) is disconnected 0.19%. All 3 hovered astir the flatline for the archetypal fractional hour, turned antagonistic soon aft 10 a.m. ET, and crushed steadily little until astir 11:30. The Nasdaq broke distant from the different 2 mid-morning and fell astir doubly arsenic far.
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^SPX information by YCharts
Weak user information pushes marketplace indexes little
Retail income dropped 0.6% successful July, showing the archetypal diminution successful 9 months and the biggest successful 14. Economists had forecast a 0.1% gain. Core retail sales, which astir intimately correspond to the user spending constituent of GDP, dropped 0.4% versus expectations of a 0.3% increase.
Some of that is simply a technicality. Amazon (NASDAQ: AMZN) moved Prime Day to June this year, which pulled income retired of July and knocked nonstore retailers down 2.2%. Many e-tailers followed Amazon's shift, keeping their ain discount events adjacent to the e-commerce titan's calendar. The little comfy mentation is that this spring's generous taxation refunds were already spent.
The University of Michigan's preliminary user sentiment scale for August came successful astatine 51.0, good beneath the 54.5 statement and down from 55.2 successful July. One-year ostentation expectations ticked up to 4.3%. Weak assurance paired with persistent ostentation expectations is an uncomfortable operation for the Federal Reserve.
Chip stocks did astir of the harm to the scale today. Broadcom (NASDAQ: AVGO) fell 5.6% and gave up astir $105 cardinal successful marketplace value, the azygous largest resistance connected some the S&P 500 and the Nasdaq. Yesterday, Broadcom was up connected the representation spot story; today, it's the biggest weight. Applied Materials (NASDAQ: AMAT) dropped 4% contempt guiding gross supra expectations, a acquainted signifier this week.
On the Dow, Goldman Sachs (NYSE: GS) slipped 0.7% for astir 43 points and Amgen (NASDAQ: AMGN) fell 1.3% for different 33. It was a quiescent time crossed the Dow, not conscionable among its heavyweights. I don't spot a azygous determination of 2.5% oregon much connected the Dow today.
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