U.S. equity markets slipped Friday morning after lawmakers went on break without agreeing on a coronavirus relief package and re

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U.S. equity markets slipped Friday morning after lawmakers went on break without agreeing on a coronavirus relief package and retail sales softened.

U.S. equity markets slipped Friday morning after lawmakers went on break without agreeing on a coronavirus relief package and retail sales softened. The Dow Jones Industrial Average fell 87 points, or 0.31%, in the opening minutes of trading while the S&P 500 dropped 0.23% and and the Nasdaq Composite swung between tiny gains and losses. The Senate adjourned for its August recess on Thursday, joining the House, as Republicans and Democrats remain $1 trillion apart on a coronavirus relief package. The major hurdle in negotiations is about $950 billion of aid that Democrats want to give states and cities. Retail sales rose 1.2% in July, missing the 1.9% gain that analysts surveyed by Refinitiv were expecting while Juneâs reading was revised up to 8.4% from 7.5%.

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