Dow Jones İndustrial Average, Walmart Profits

Dow Jones İndustrial Average, Walmart Profits

US stocks flat on strong retail earnings, weak housing data | Malay Mail

US stocks flat on strong retail earnings, weak housing data | Malay Mail

18/5/2021 9:39:00 PM

US stocks flat on strong retail earnings, weak housing data | Malay Mail

NEW YORK, May 18 — Wall Street stocks were nearly flat in early trading today as strong earnings from Walmart and other retailers were offset by disappointing US housing data. Shares of Walmart, Home Depot and Macy’s advanced after all three companies reported better-than-expected quarterly...

Tuesday, 18 May 2021 10:21 PM MYTIn this file photo people walk past the New York Stock Exchange (NYSE) and a statue of George Washington at Wall Street on March 23, 2021 in New York City. — AFP picSubscribe to ourTelegramchannel for the latest updates on news you need to know.

Panggung wayang lengang | Harian Metro Seksyen 43.9 Jalan Simpang Pulai-Cameron Highlands ditutup | Harian Metro Man drowns trying to save friend in Kuala Kubu Baru | New Straits Times

NEW YORK, May 18 — Wall Street stocks were nearly flat in early trading today as strong earnings from Walmart and other retailers were offset by disappointing US housing data.Shares of Walmart, Home Depot and Macy’s advanced after all three companies reported better-than-expected quarterly results on strong consumer confidence in the wake of government stimulus spending and expanding vaccine availability.

“We’re encouraged by traffic and grocery market share trends,” said Walmart Chief Executive Doug McMillon. “In the US, customers clearly want to get out and shop.”About 25 minutes into trading, the Dow Jones Industrial Average was flat at 34,323.60.The broad-based S&P 500 slipped 0.1 per cent to 4,160.48, while the tech-rich Nasdaq Composite Index gained 0.2 per cent to 13,401.60. headtopics.com

The strong retailer earnings came as new home construction in the United States dropped in April, falling 9.5 per cent after the prior month saw strong growth, government data said.Homebuilders have faced tough months recently, with bad winter weather idling many projects in February followed by a large rebound in March construction.

Stocks have been choppy the last few weeks as investors weigh signs of rising inflation against hopes for strengthening economic growth in the second half of 2021. — AFP Read more: Malay Mail »

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