Wall Street loses ground

Economies.com
2022-11-16 15:36PM UTC

US stock indices gave up ground on Wednesday following strong data. 

 

US retail sales rose 1.3% in October, beating estimates of a 1% rise, and up from a flat rate in September.

 

Core sales, excluding automotive sales, rose 1.3%, beating estimates of a 0.5% rise, and up from a 0.1% rise in September.

 

Dow Jones rose 0.1%, or 50 points to 33,645, while S&P 500 fell 0.4%, or 18 points to 3,974, as NASDAQ gave up 1.2%, or 140 points to 11,216, as of 15:35 GMT.

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