US STOCKS-Wall St opens lower on weak economic data

viernes 12 de agosto de 2016 10:03 GYT

* U.S. retail sales growth flat in July

* Financial stocks lag

* Indexes down: Dow 0.18 pct, S&P 0.14 pct, Nasdaq 0.12 pct (Updates to open)

By Yashaswini Swamynathan

Aug 12 (Reuters) - Wall Street opened slightly lower on Friday as tepid economic data weighed, a day after all three major indexes closed at record highs for the first time since 1999.

An unexpectedly flat U.S. retail sales growth and a drop in the producer price index for July hurt investor sentiment.

The weak data could also discourage the Federal Reserve from raising interest rates this year.

Traders are pricing in a 41.6 percent chance of a rate hike in December, down from 45 percent on Thursday, according to CME Group's FedWatch tool.

The S&P 500's financial index fell 0.5 percent and was the biggest loser among seven of the benchmark's 10 major indexes that were in the red.   Continuación...