US Stocks Fall on Signs of Economic Cooling
2026-08-14 20:05
By
Isabela Couto
1 min. read
US stock indices closed lower on Friday as macroeconomic headwinds weighed.
The S&P 500 eased 0.2% from its record high, while the Dow shed 108 points and the Nasdaq 100 fell 0.1%.
The University of Michigan’s preliminary August sentiment index fell to 51, below forecasts of 55.
Meanwhile, retail sales dropped in July by the most in over a year.
The data, alongside weak jobs figures and soft inflation, suggested that the economy is showing signs of cooling.
A slowdown in consumer spending could weigh on corporate profits and the stock market.
Hyperscalers, including Meta (-0.9%), Oracle (-3.7%) and Amazon (-0.9%), posted losses.
Heavyweight chipmakers closed mixed, with Broadcom down 5.9%, Intel losing 2%, and Nvidia edging lower, while AMD (+6.5%) and memory producers extended their strong gains from earlier in the week.
Micron added 2.3% on bullish recommendations from analysts and brokers, while SanDisk jumped 7.4% following its 14% surge on Thursday.