Investing.com - U.S. wholesale inventories rose less-than-expected in May, official data showed on Thursday.
In a report, the U.S. Commerce Department said that wholesale inventories increased by a seasonally adjusted 0.5% in May, below expectations for a 0.6% increase. Wholesale inventories rose by 1% in April.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.37% to trade at 1.3590.
Meanwhile, U.S. stock markets were lower after the open. The Dow slumped 0.9%, the S&P 500 dropped 0.75%, while the NASDAQ lost 1%.
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