US shares slip after last week's big rally

US stocks have opened slightly lower after last week's strong gains as a disappointing June retail sales report kept buyers cautious.

Ten minutes into trade on Monday, the Dow Jones Industrial Average was down 1.58 (0.01 per cent) to 15,462.72.

The broader S&P 500 slipped 1.52 (0.09 per cent) to 1,678.67, while the tech-rich Nasdaq Composite lost 6.18 (0.17 per cent) at 3,593.90.

Citigroup's strong second-quarter earnings sent its share up 2.2 per cent in the first minutes, while Boeing added 2.1 per cent on eased worries over a fire in an empty 787 Dreamliner parked at London's Heathrow airport last week.

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