Stocks Open Lower as Wall Street Digests a Slew of Economic Reports
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The Nasdaq Composite started Thursday’s session at risk of snapping its six-day winning streak after a wave of economic data painted a murky picture of the impact of trade policy on the economy. Stock futures were already trading lower as Wall Street evaluated the market’s V-shaped rebound from its early April declines and awaited updates on wholesale price inflation, retail sales, jobless claims, and manufacturing activity in Philadelphia and New York. The headline producer price index fell at a 0.5% monthly rate in April, but March’s figure was revised up to unchanged from a decline of 0.4%.
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