(CNBC) The S&P 500 and Dow Jones Industrial Average closed lower on Thursday following the release of much weaker-than-expected retail sales data.
The S&P 500 dipped 0.27 percent to 2,745.72 as the consumer staples and financials sectors lagged. The 30-stock Dow pulled back 103.88 points to 25,439.39 as shares of Coca-Cola had their worst day since 2008. The Nasdaq Composite, however, eked out a gain of 0.1 percent to close at 7,426.95 as Netflix's stock climbed more than 2 percent.
Retail sales fell 1.2 percent in December, marking their biggest monthly drop since September 2009, according to The Commerce Department. The department also said retail sales fell 0.9 percent in December when excluding gasoline station sales.
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