- U.S. retail sales miss drives Wall Street lower
- Oil prices fell for fourth straight session
- U.S. dollar gains on safe-haven appeal
WASHINGTON, Aug 17 (Reuters) – Major stock indexes slid and oil posted its fourth straight day of declines as investors grappled with mixed economic data and considered the economic impact of the ongoing spread of the Delta coronavirus variant.
Wall Street closed down sharply on Tuesday, with the most significant declines seen in mega-cap technology-related and consumer discretionary stocks as investors scaled down their risk appetite.
The Dow Jones Industrial Average (.DJI) fell 0.79%, snapping a five-day winning streak. The S&P 500 (.SPX) lost 0.71% after posting a new record high on Monday, and the Nasdaq Composite (.IXIC) dropped 0.93%.
The MSCI world equity index (.MIWD00000PUS), which tracks shares in 45 nations, fell 0.77%.
The prospect of diminished travel demand or new pandemic lockdowns weighed on…