NEW YORK (AP) - Stocks are heading lower on Wall Street in early trading after a disappointing report on retail spending suggested that U.S. consumers may once again be heading for shelter.
It was the third straight month that retail sales fell.
The Dow Jones industrial average was off 60 points at 12,717 shortly after the opening bell Monday.
The Standard & Poor's 500 index fell four points to 1,352 and the Nasdaq composite index fell 11 points to 2,897.
The Commerce Department said retail sales fell 0.5 percent in June from the month before as Americans spent less on autos, furniture and appliances.
Citigroup rose 1 percent after beating Wall Street's profit estimates.
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