Major stock indexes of Wall Street markedly increased on higher shares of Apple and weak macroeconomic data, reducing the prospects of higher interest rates in the near future.
Thus, US retail sales fell more than expected in August, amid weak purchases of cars and other goods, pointing to cooling domestic demand. The Commerce Department reported that retail sales fell by 0.3% after a revised gain in the direction of growth of 0.1% in July. Retail sales in July, as previously reported, were unchanged. Sales rose by 1.9% compared to last year. Excluding automobiles, gasoline, building materials and food services, retail sales fell 0.1% last month after a downwardly revised fall of 0.1% in July.
At the same time, the number of Americans who applied for unemployment benefits rose less than expected last week, pointing to a further tightening of labor market conditions. unemployment initial claims for benefits rose by 1000 and to reach a seasonally adjusted 260,000 for the week ended September 10. Appeals have not been revised for the previous week. Economists had forecast that the treatment will rise to 265,000.
Oil futures rose slightly, helped by the partial closure of short positions after the two-day drop. However, further price growth is limited by the strengthening of the US dollar and fears of a resumption of crude oil deliveries from Nigeria and Libya.
All components of the DOW index closed in positive territory (30 of 30). More rest rose stocks Apple Inc. (AAPL, + 3.32%). Minimum growth recorded shares of The Boeing Company (BA, + 0.04%).
All business sectors S & P index also ended the session in positive territory. The leader turned out to be the technology sector (+ 1.3%). Less rest utilities sector grew (+ 0.5%).
At the close:
Dow + 0.99% 18,212.89 +178.12
Nasdaq + 1.47% 5,249.69 +75.92
S & P + 1.01% 2,147.29 +21.52
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