Opening Bell: Stocks Slip as Global Bonds Rally; U.S. Retail Sales Rise in May




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Summary: U.S. stocks slipped on Tuesday, as investors moved into safe-haven assets, pushing the 10-Year German bund yield into negative territory for the first time ever. Meanwhile, U.S. May retail sales rose 0.5 percent during the month, beating estimates of 0.3 percent. Core retail sales, stripping out volatile auto and gasoline sales, gained 0.3 percent, matching forecasts. Baidu fell 4 percent after trimming its revenue forecasts for the second quarter following lower medical advertising sales. The China-based Web services company expects revenue of 18.1 billion yuan to 18.2 billion yuan, down from a previously reported 20.1 billion. TheStreet's Scott Gamm reports from Wall Street.