Stock Wall Street retreated early on Wednesday, giving back several previous session increases amid skepticism for the latest Russian statements in Ukraine, while investors digested strong US retail sales data.
Head of NATO Jens Stoltenberg showed that the big question survived on the Russian announcement Tuesday that it pulled the troops back from the Ukrainian border.
“It still has to be seen whether there is a Russian withdrawal,” Stoltenberg said.
Meanwhile, US retail sales rose 3.8 percent last month, the Commerce Department said, doubled expected and a dramatic reversal of a 2.5 percent decline in December, which was worse than reported.
About 25 minutes in trading, the average Dow Jones industry fell 0.5 percent at 34,804.12.
Extensive S & P 500 fell 0.7 percent to 4,439.31, while the Nasdaq composite index which was rich in technology fell 1.3 percent to 13,956.69.
Investors looked forward to release Wednesday night later from the last Federal Reserve meeting.
Fed officials have signed a plan to significantly tighten monetary supply this year, including through several interest rates.
Briefing.com analyst Patrick O’Hare said the relative coat from the results of the US Treasury in response to inflation reports on Tuesday producer prices could be a sign of hope for investors.
“If this resistance continues, the stock market can finally enjoy some comfort in the assumption that the treasury market begins to believe that peak inflation has arrived and that the Fed response in the near future has been appreciated,” O’Hare said.
