Market Snapshot: Stocks edge lower after weak China data, solid retail sales

U.S. stocks fell Friday morning after a round of disappointing Chinese economic data, while tech shares were under pressure following lower guidance by tech conglomerate Broadcom Inc., which cited the effects of the U.S.-China trade fight.

Investors were also eyeing data on U.S. retail sales, which have risen three months in a row and stronger-than-expected numbers on industrial production, which might dampen the rise in market expectations for an aggressive round of easing by the Federal Reserve later this year.

What are major indexes doing?

The Dow Jones Industrial Average DJIA, -0.19% fell 71 points, or 0.3%, to 26,037, while the S&P 500 index SPX, -0.26% declined 8 points, or 0.3%, to 2,883.

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