U.S. stocks retreated from record highs on August 14 as disappointing consumer data stalled the recent rally. The S&P 500 fell 0.17% to 7,786, the Nasdaq Composite lost 0.28% to 26,729, and the Dow Jones Industrial Average slipped 0.20% to 53,732. July retail sales were down 0.6% month-on-month, sparking concerns about consumer health and economic growth despite a strong corporate earnings season. Reddit shares jumped 13% following news that the social media company will join the S&P 500 next week, while Broadcom tumbled 6% after Bank of America analysts questioned a potential $370 billion debt financing vehicle. Gold prices rose 0.24% to $4,373.48, and the 10-Year Treasury yield fell 0.05% to 4.69%.
