Dow, S&P 500 close at record highs ahead of major retail earnings reports; Europe stocks close lower, snapping 10-day winning streak 
The Dow Jones Industrial Average and the S&P 500 notched fresh record closes on Monday ahead of major retail earnings reports this week. 
After paring losses earlier in the session, the Dow added about 109 points, or around 0.3%. The S&P 500 gained 0.26%. The Nasdaq Composite dipped roughly 0.2%. 
Retail stocks inched higher ahead of quarterly earnings reports from major companies. Home Depot and Walmart each rose ahead of Tuesday reports. Target and Lowe’s also both edged higher ahead of reports slated Wednesday. 
Data showed Chinese economic growth slowing more than expected. China’s retail sales increased by 8.5% in July year-over-year, below the 11.5% forecast from economists polled by Reuters. Online sales gained just 4.4% for the month. On the manufacturing sector in the country, industrial production increased by 6.4%, below the 7.8% consensus estimate. 
Tesla’s stock retreated Monday after the National Highway Traffic Safety Administration announced a formal probe into the electric vehicle maker’s Autopilot partially automated driving system. 

German carrier Lufthansa slipped toward the bottom of the index. Germany’s finance agency said on Monday that the country plans to sell up to a quarter of its 20% stake in the coming weeks following positive developments at the bailed-out airline, Reuters reported. Shares of Lufthansa fell 3.6%. 
Source: CNBC, Investing.com