NEW YORK (CNNMoney)
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq were roughly 0.2% lower in early trading.
A pullback isn't unusual, given the recent winning streak. The Dow has gained for nine days in a row, hitting record highs for the last seven.
Stocks have largely been driven higher by mounting signs of a healthier economy, alongside the Federal Reserve's stimulative moves.
Still, investors appeared to shrug off the latest upbeat economic report.
Early Wednesday, the Commerce Department reported February retail sales rose 1.1%, the best month since September.
Sales were expected to rise only 0.5%, as economists worried that increased payroll tax, delayed tax refunds and higher gas prices would cause consumers to pull back on spending.
Another look at consumer spending will come after the bell, when a variety of clothing retailers, including Coldwater Creek (CWTR), Guess? (GES) and Men's Wearhouse (MW) report quarterly results.
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Stocks ended mixed Tuesday, with the Dow eking out a record high, while the S&P 500 and Nasdaq both fell.
Apple (AAPL, Fortune 500) shares continued their recent slide Wednesday, as investors worry about slowing demand for the iPhone 5 and what Apple plans to do with its cash.
Shares of Boeing (BA, Fortune 500) edged lower in early trading. The Federal Aviation Administration gave the aircraft maker permission late Tuesday to start testing its proposed fix to the lithium batteries on the 787 Dreamliner, a key step in getting the aircraft that has been grounded by a safety probe since Jan. 16 back into service.
Investors are also hoping for signs of progress in the fight over the federal budget.
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European markets were weaker in afternoon trading.
Asian markets also ended lower.
Japan's Nikkei closed down 0.6% as the yen firmed against the dollar on divisions in parliament over the appointment of the new Bank of Japan governor. The Shanghai Composite and Hong Kong's Hang Seng fell on reports of further measures to curb inflation, in particular in the property sector.
The dollar lost ground to the British pound but gained against the euro.
Oil and gold prices rose.
The price on the 10-year Treasury fell, pushing the yield up to 2.04% from 2.02% late Tuesday. 
First Published: March 13, 2013: 9:59 AM ET
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