News

4 jarring signals that show the US economic recovery is weakening

Several economic indicators updated in recent weeks suggest the ongoing US recovery is deteriorating as COVID-19 cases spike and new stimulus remains absent. Cities including Chicago, San Francisco, and New York City have intensified partial lockdowns to curb the virus’s spread. The restrictions threaten to further slow the nation’s bounce-back […]
4 jarring signals that show the US economic recovery is weakening
Markets

Dow rises 112 points as retail-sales blowout helps snap 3-day skid

US stocks jumped on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than double economist estimates. The reading marked the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]
Dow rises 112 points as retail-sales blowout helps snap 3-day skid
Markets

S&P 500, Nasdaq drop for 3rd straight week as tech continues downward spiral

The S&P 500 and Nasdaq composite indexes declined for the third straight week on falling tech giants and weakening economic data. Mega-cap tech stocks led indexes lower as investors continued to shun lofty valuations and look for returns elsewhere. Traders hoping for a stimulus breakthrough had little to cheer heading […]
S&P 500, Nasdaq drop for 3rd straight week as tech continues downward spiral
Markets

US consumer sentiment jumps the most since 2016 on renewed hiring efforts

The University of Michigan’s consumer-sentiment index rose to 78.9 in June from 72.3, in May according to preliminary data released Friday. “The turnaround is largely due to renewed gains in employment, with more consumers expecting declines in the jobless rate than at any other time in the long history of […]
US consumer sentiment jumps the most since 2016 on renewed hiring efforts