U.S. Retail Sales Rose at Slower Pace Last Month

Sales growth at U.S. retailers rose at a slower pace in June as consumers spent less on gasoline due to falling prices at the pump.

U.S. Pending Home Sales Fell in June

The pending home sales index, a leading indicator of house sales based on contract signings, fell 5.4% in June to 72.5. Economists polled by The Wall Street Journal had forecast the reading to be flat.

Nasdaq Slips as Chip Stocks Come Under Pressure