Today’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Industrial production and retail sales, key indicators of economic activity, cooled sharply last month, according to government data released Wednesday. That could spook investors, who had been tracking signs of China's recovery earlier this year.The softness comes as the trade war between the United States and China is back in full swing.Higher US tariffs on Chinese exports worth $200 billion, enacted last week, have been weighing on markets and are expected to hit growth.
The Dow is set to drop about 20 points, or 0.1%, when markets open. The S&P 500 is pacing for a similar decline. The Nasdaq could open flat.Such calm would follow a rough week for US markets, which recovered on Tuesday from big sell-offs. The Dow closed up more than 200 points, or 0.8%. The S&P 500 was up 0.8%, and the Nasdaq was up 1.1%.3. Retail sales: The Census Bureau will release its US retail sales report for April at 8:30 a.m. ET.
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