Stocks Slump on Retail Data

Stocks fell at the open today, as a surprisingly bad retail report overshadowed a strong quarter from Goldman Sachs. The Dow fell 55 points, while the S&P and Nasdaq slid 4.3 and 14.1 points respectively. Retail sales fell 1.1% last month, while inflation fell faster than expected. Goldman Sachs posted a $1.8 billion profit, but its shares fell 4.9%. Other financials, however, were higher, with Citigroup up 11.8% (More stock market stories.)