Fed's hawkish stance triggers stock market slide.

US stocks opened mixed on Thursday as investors continued to digest the Federal Reserve's decision to pause interest rates for the first time in over a year while also signaling more rate hikes were on the horizon. Retail sales rose 0.3% in May, beating expectations for a 0.2% decline, according to forecasts from Bloomberg. The European Central Bank raised its three key rates by another 0.25% on Thursday, bringing its deposit facility rate to 3.5%, its main refinancing rate to 4%, and its marginal lending facility rate to 4.25%.