NEW YORK — Stocks are closing mostly lower on Wall Street Friday, weighed down by new data showing weaker-than-expected retail sales and a drop in producer prices in July.
Mining and chemicals companies fell the most, while energy companies rose along with the price of oil.
The Dow Jones industrial average and Standard & Poor's 500 index both retreated from Thursday's record highs. The Dow closed down 37 points, or 0.2 percent, to 18,576. The S&P fell 2 points, or 0.1 percent, to 2,184. The Nasdaq composite reached a new high, up 5 points, or 0.1 percent to 5,232.
Bond prices rose and the yield on the 10-year Treasury note fell to 1.51 percent. Oil rose 2.3 percent to $44.49 a barrel in New York.
Read more - https://www.goldcruderesearch.com/comex.php
Mining and chemicals companies fell the most, while energy companies rose along with the price of oil.
The Dow Jones industrial average and Standard & Poor's 500 index both retreated from Thursday's record highs. The Dow closed down 37 points, or 0.2 percent, to 18,576. The S&P fell 2 points, or 0.1 percent, to 2,184. The Nasdaq composite reached a new high, up 5 points, or 0.1 percent to 5,232.
Bond prices rose and the yield on the 10-year Treasury note fell to 1.51 percent. Oil rose 2.3 percent to $44.49 a barrel in New York.
Read more - https://www.goldcruderesearch.com/comex.php
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