US stocks flat as data points to sluggish recovery

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

NEW YORK (AFP) - 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 straitstimes.com.

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.

The broad-based S&P 500 was essentially flat at 3,372.85, while the tech-rich Nasdaq Composite Index shed 0.2 per cent to 11,019.30. Industrial production rose 3.0 percent in July, the third consecutive monthly increase but a slower gain than in June, the Federal Reserve said. "The recovery in equity markets has been stunning, partly reflecting the huge amount of stimulus that has been unleashed," said a note in Oxford Economics.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines