WASHINGTON, April 14 — The Dow climbed but S&P 500 and Nasdaq fell in early US trading today, as investors digested new economic data, hawkish Federal Reserve commentary, and the latest Elon Musk drama.
Meanwhile, the government reported slightly weaker than expected US retail sales in March as American consumers faced high inflation, while a top Fed official expressed confidence the central bank rate hikes can bring the rising prices under control without jeopardising economic growth. About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.5 per cent at 34,722.93.
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