Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, May 15. Despite early declines related to disappointing retail sales data, major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes closed the day with gains: The Dow Jones Industrial Average, S&P 500 and NASDAQ rose 0.5%, 0.6% and 1.1%, respectively. The Commerce Department reported a 0.2% month-over-month drop in April’s retail sales, a let-down after March’s 1.7% increase. Meanwhile, Ford Motor rose 1.9% and General Motors gained 0.8% on news that the Trump administration is expected to announce a six-month delay on auto tariffs.
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