Wall Street traded lower Monday despite the Federal Reserve added more cash to banking system.
The Fed announced minutes after the opening bell that it would add 2 billion dollars in liquidity in a one-day repurchase after injecting 6.4 billion dollars last week.
Meanwhile, the European Central Bank on Monday put 65.3 billion dollars to its banking system.
Last week, the ECB and the Bank of Japan put more than 200 billion dollars and 5 billion dollars into the markets, respectively, to solve credit tightness.
On Monday, the Commerce Department said July retail sales rose 0.3 percent, stronger than most analysts' forecasts of 0.2 percent.
The Dow Jones industrial average fell 3.01, or 0.02 percent, to 13,236.53. The Standard & Poor's 500 index fell 0.72, or 0.05 percent, to 1,452.92, and the Nasdaq composite index retreated 2. 65, or 0.10 percent, to 2,542.24.
Source: Xinhua
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