Economic news

Wall Street’s weather fast-changing, U.S. retail sales rise

U.S. stocks mixed on Thursday after stronger than expected economic data showed that U.S. retail sales rose by 1.6 percent in March, marking the highest result in 1-1 / 2 years while the applicants number for unemployment benefits fell by 5 thousand last week.

wall street mixed 1804Photo: Reuters

According to preliminary data, the index of business activity in the manufacturing sector remained at the level of last month at 52.4, not meeting market expectations at 52.8, but the results of activity in the services sector turned out to be weaker than last month, where in March it was 55.3, now it is 52.9, while it was expected 55.

The Dow Jones Industrial Average Index added 0.19 percent to 26,500.63, while the S & P 500 index went down by 0.08 percent to 2,898.56 and the Nasdaq Composite Index was the decline leader at 15.07 GMT, being down by 0.30 percent to 7,972.22.

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