US STOCKS-Wall St lower after data, but energy shares higher
* Retail sales rise less than expected in May
* Oil rises on Iraq violence, energy shares higher
* Lululemon falls on results; Restoration Hardware up
* Indexes down: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.3 pct (Updates to open)
By Ryan Vlastelica
NEW YORK, June 12 (Reuters) - U.S. stocks fell on Thursday after a round of disappointing economic data on the consumer and labor market, though energy shares were sharply higher as the price of crude oil spiked.
Retail sales rose 0.3 percent in May, half of the growth rate that had been forecast, while the number of Americans filing new claims for unemployment benefits unexpectedly rose last week.
While both data points were below expectations, neither was seen as so weak as to derail the thesis of improving economic conditions, and the market's recent uptrend is still viewed as intact. Despite a two-day drop in the S&P 500, the benchmark index is less than 1 percent below its record close.
"The market has had a fantastic run and this is just a healthy and routine pause we're in right now. The bull market is old and wrinkly, but nowhere near dead," said Paul Schatz, chief investment officer at Heritage Capital in Woodbridge, Connecticut. Continuación...