NEW YORK, Nov. 14 (UPI) -- Wall Street slipped Friday, largely due to lower retail sales for the second straight month.
The Dow Jones industrial average was off 3.41 or 0.03 percent to 9,834.53 while the tech-heavy Nasdaq composite index fell 11.75 or 0.6 percent to 1,955.60 and the Standard and Poor's index was down 1.24 or 0.12 percent to 1,057.17.
Japan's Nikkei index was down 170.61 or .97 percent to 10,167.06.
A producer price report indicating deflation is less of a concern plus declining retail sales, kicked off a day full of economic data, the the Wall Street Journal reported.
The Labor Department reported prices paid by producers rose 0.8 percent in October after gaining 0.3 recent in September. Excluding the more volatile food and energy components, prices rose 0.5 percent, after seeing no change in September.
The increases came amid a surge in prices for food and capital equipment, suggesting the risk of deflation is fading as the economic recovery gains steam.
Both rates were the fastest growth recorded in seven months and blew past experts' expectations.
The Federal Reserve Board also weighed in with a report on U.S. industrial output, which rose 0.2 percent in October, following a 0.5 recent rise in production during September. Meantime, capacity use rose to 75 percent in the month, the highest level since February and from 74.9 recent the month before.
