US stocks opened have lower after a government report showed a drop in March retail sales.
Five minutes into trade, the Dow Jones Industrial Average dropped 41.09 (0.28 per cent) to 14,824.05.
The broad-based S&P 500 fell 6.49 (0.41 per cent) to 1,586.88, while the tech-rich Nasdaq Composite Index dipped 10.68 (0.32 per cent) to 3,289.48.
The losses came after the Commerce Department reported a 0.4 percent drop in March retail sales compared with February. Sales were down over a number of key categories: auto, electronics, food and beverage, health spending and gasoline.
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