
US stocks dropped overnight after the government reported an unexpected fall in retail sales in June, raising concerns about a key driver of economic growth.
Dow Jones Industrial Average fell 49.88 points, or 0.39 percent, to close at 12,727.21, finishing lower for the seventh Monday in a row.
S&P 500 dropped 3.14 points, or 0.23 per cent at 1,353.64
Among the key S&P sectors, industrials and consumer discretionary lagged, while energy and telecoms finished higher.
Nasdaq composite fell 11.53 points, or 0.40 per cent to 2,896.94.