US stocks close mixed amid sharp retail-sales slowdown and stimulus deadlock | Markets Insider

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US stocks close mixed amid sharp retail-sales slowdown and stimulus deadlock

US stocks closed mixed on Friday after disappointing retail-sales data indicated that the economic rebound slowed in July.

Investors continue to expect further government stimulus, even though talks over the next package are at a standstill. The market will also be watching for news on trade talks, as senior US and Chinese officials were scheduled to meet on Saturday — but those meetings were postponed. US stocks closed mixed on Friday after disappointing retail-sales data indicated that the measure's ongoing rebound slowed in July as new coronavirus cases ticked up., lower than economists' estimates of a 2.3% increase and down from a revised 8.4% jump in June.

The S&P 500 again attempted to reach a new high, but finished mostly flat, just below its February level. If it had hit a new record, it would've marked the fastest-ever recovery from a bear market and erased all losses from the coronavirus pandemic meltdown.

 

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You think they were slow in July? Wait till the August data comes out. It's going to be rough.

Told you all grab some $MNPR as a hedge nobody listens

Folk seriously need to save their money. UK in worse recession Folk running out of unemployment; health insurance Folk standing longest food bank lines since Great Depression Facade Stock bought with socialist tax paid bailout funds YET bailed corps letting employees go

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