New York, June 13 (IANS) US stocks opened mixed Wednesday on negative data, although more and more investors believe that a new round of quantitative easing will come.
On the economic front, the Commerce Department said retail sales fell 0.2 percent in May from April as expected, Xinhua reported.
In addition to economic slow-down, investors bet that the European Central Bank, together with the Federal Reserve, push a new round of easing policy sooner than later after Spain's bailout package.
Federal Reserve board member Charles Evans indicated earlier that monetary easing was not necessarily a dead issue, which lifted up the market's sentiment.
The Dow Jones industrial average lost 38.45 points, or 0.31 percent, to 12,535.35. The Standard & Poor's 500 was down 6.41 points, or 0.48 percent, to 1,317.83. The Nasdaq Composite Index declined 10.65 points, or 0.38 percent, to 2,831.89.