By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- U.S. retreated Monday after the prior session’s rally after data illustrating that U.S. retail sales in June fell for a third month.
The Dow Jones Industrial Average DJIA -0.59% shed 53.06 points to 12,724.03.
General Electric Co. GE -1.49% dropped 1.3% after Morgan Stanley lowered its rating of the manufacturer to equal weight from overweight.
Citigroup Inc. C +0.64% rose 2% after reporting second-quarter profit that topped expectations.
The S&P 500 index SPX -0.53% declined 4.33 points to 1,352.45, with industrials the worst performer among its 10 major industry groups.
The Nasdaq Composite COMP -0.63% fell 9.61 points to 2,897.60.
For every stock rising two fell on the New York Stock Exchange, where 65 million shares traded as of 9:50 a.m. Eastern.
Figures from the Commerce Department had retail sales falling a worse-than-expected 0.5% last month. Separately, a gauge of manufacturing in the New York region in July expanded at a faster-than-anticipated pace.
Kate Gibson is a reporter for MarketWatch, based in New York.
