After opening modestly higher, major US indices spend the rest of Friday in the red. – AFP pic, April 15, 2023.
WALL Street stocks retreated yesterday following a positive session on European bourses, as disappointing US retail sales data offset a lift from better-than-expected bank earnings. Retail sales fell by a surprisingly big 1% in March, extending a downward trend that signals cooling in the world’s biggest economy.
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It is weird !! On one hand they increased interest rate to slow down economy and once slow down they dislike it and said the economy is slowing down! What the hell they want