Disappointing Retail Sales Impact Market Open

Wall Street experienced a downturn at the opening bell on Monday, as investors digested the latest economic reports. The retail trade figures for February, which showed a mere 0.2% increase from January, failed to meet market expectations. This underperformance has cast a shadow over the market's outlook.

Market Indices Show Early Losses

By 9:30 am ET, the Dow Jones had shed 0.18%, with Sherwin Williams seeing a decline of 0.47%. Similarly, the Nasdaq 100 fell by 0.13%, as Tesla Inc. took a significant hit, dropping 3.44%. The S&P 500 wasn't spared either, decreasing by 0.12%, with Incyte Corp. leading the downturn with a 1.35% plunge.

Euro Gains Against the Dollar

In currency news, the euro strengthened against the dollar, trading 0.23% higher at 9:31 am ET, with an exchange rate of 1.09047.