U.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited remarks by Fed Chairman Jerome Powell.
How are stock-index futures trading? On Monday, the Dow industrials finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq Composite fell 1.2% to 11,662.79. The declines followed another losing week for all three major indexes amid a selloff that’s seen the S&P 500 fall to the brink of a bear market and tech shares crater.
“Retail sales in April show that the consumer is weathering the inflationary headwinds, rising for the fourth consecutive month,” said Jeffrey Roach, chief economist at LPL Financial, in emailed remarks. In other U.S. data published Tuesday, industrial production rose 1.1% in April, the Federal Reserve reported Tuesday, topping expectations for a 0.5% gain. Capacity utilization rose to 79% in April from 78.2% in the prior month. The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities. Economists had forecast a 78.6% rate.
China’s top economic official gave a public show of support for digital platform companies Tuesday, suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Treasury yields rise ahead of U.S. retail sales data, Fed's Powell commentsTreasury yields are on the rise ahead of data on April retail sales and remarks by Federal Reserve Chairman Jerome Powell.
Baca lebih lajut »
USD/JPY crosses 129.00 as yields recover ahead of US Retail Sales, Fed’s PowellUSD/JPY refreshes intraday high to 129.25 as upbeat sentiment joins firmer Treasury yields to please buyers after a lackluster start to the week. That
Baca lebih lajut »
USD/JPY skid below 129.00 on subdued DXY, focus shifts to Fed’s Powell and Japan’s CPIThe USD/JPY pair has displayed a more than 50-pips slippage in the Asian session amid subdued performance from the US dollar index (DXY). The light ec
Baca lebih lajut »
Fed’s Powell to Take WSJ Questions on Inflation and Economic OutlookCentral bank officials have firmed up expectations for a series of half-point rate increases this spring and summer.
Baca lebih lajut »
US Dollar Index tumbles to 2-week lows near 103.20 ahead of PowellThe US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, remains on the defensive well below the 104.00 mark on Tue
Baca lebih lajut »