A confluence of factors pushed the Dow, the S&P and the Nasdaq off by one percent each at Wednesday’s opening bell. It could be German bonds hitting lows, or U.S. Treasuries touching lows as well, in a year where rates were expected to rise. Or, oil’s fall, which continues on suspicion of U.S. stockpiles. Or, it could have been lower-than-expected retail sales. The Commerce Department reported retail sales slid the most in a year last month, down 0.9 percent. Only GameStop could provide a nugget of optimism where, otherwise, banks including Wells Fargo and JP Morgan disappointed the market Wednesday.
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