US: Stocks flat as data points to sluggish recovery

📆 15/08/2020 05:38:00
📰 BusinessTimes

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[NEW YORK] Wall Street stocks finished a positive week on a tepid note, ending little changed following mixed data on US retail sales and industrial production. Read more at The Business Times.

Despite the mediocre data and broad expectations that unemployment will remain at high levels for some time as the US struggles to contain the coronavirus, the S&P 500 and Nasdaq stand near all-time highs.

"However, a further deterioration in the health situation or the absence of additional fiscal support are two key downside risks that are likely not fully discounted."

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