US stocks snap a four-day winning streak as investors shied from risky assets, instead vying for safe havens such as Treasurys and gold.
DJIA drops 18 to 10526, S&P 500 falls 0.8 to 1121, but Nasdaq Comp rises 4 to 2290. Financials, which led the market yesterday, were today’s worst performers. Gold hits a fresh record high and Treasurys rallied as investors turned risk averse.
Retail sales posted a second-straight month of gains. But troubles abroad resurfaced as a closely-watched survey on expectations for Germany’s economy fell well short of expectations.