Retail sales disappoint

The Department of Commerce said retail sales rose 0.1% month-on-month compared with a flat reading in the previous month and with analysts' expectations for a 0.2% increase.

 Meanwhile, according to the Labor Department, wholesale prices declined 0.5% month-on-month in September driven lower by the sharpest drop in gasoline prices since January.

The decline was bigger than the 0.2% drop analysts had forecast and was also lower compared to the flat reading registered in the previous month.