Power Breakfast: US Stocks Slide After Disappointing Home Depot Forecast, Weak Retail Sales Data

US markets closed with weakness. The Dow slipped 336 points. US retail sales in April were weaker than expected. Retail sales increased 0.4% in April from March when it was down 0.7%. Apart from this, Home Depot's stock plunged more than 2%. S&P remained in a range due to an increase in the debt limit and policy concerns. European markets also closed with weakness yesterday. Today Europe's April retail inflation figures will come.