ibusinesslines.com
ibusinesslines.com June 23, 2018


United States stocks rise ahead of inflation, retail sales data

14 March 2018, 08:43 | Jodi Jackson

United States stocks rise ahead of inflation, retail sales data

A Peek Into The Markets U.S. Stock Futures Signal Higher Start On Wall Street

300,994 shares of the stock were exchanged, compared to its average volume of 294,720.

A number of other institutional investors also recently modified their holdings of the stock.

The S&P 500 declined 0.6 percent with tech falling 1.2 percent. Smith Moore & CO. owned about 0.20% of SPDR Dow Jones REIT ETF worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Wall Street stocks advanced early today, keeping positive momentum from last week's strong jobs report ahead of key data releases on United States inflation and retail sales. The Nasdaq fell 77 points, or 1 percent, to 7,511.

European markets were higher today, with the Spanish Ibex Index rising 0.56 percent, STOXX Europe 600 Index gaining 0.37 percent and German DAX 30 index gaining 0.75 percent.

Chipmaker Qualcomm slumped 4.1 percent after the White House blocked a hostile bid from Broadcom to take over the company.

"The big multinational, industrial companies of the world are all taking a hit on the concern that they will be the targets of reprisal sanctions", said Robert Phipps, a director at Per Stirling Capital Management in Austin.

The S&P 500 was little changed at 2,782.


The Dow Jones industrial average gave back 132 points, or 0.5 percent, to 25,199.

The Nasdaq is up 684.93 points, or 9.9 per cent.

Stocks are opening higher on Wall Street and bond yields are falling as investors are relieved to see that inflation remained in check last month.

The Tillerson news erased a gain triggered by a Labor Department report showing that its consumer price index rose 0.2% in February.

Even with the session's losses, the S&P 500 is just 3.1 percent below record highs hit on January 26, while the Nasdaq .IXIC has recovered its losses from last month's sell-off. Both S&P 500 and Nasdaq rose as much as 0.7 percent before trading lower.

The Dow Jones industrial average rose 71 points, or 0.3 percent, to 25,410.



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