Stocks And Shares, Dow Jones, Nasdaq

Stocks And Shares, Dow Jones

US stocks boosted by strong consumer data

US stocks boosted by strong consumer data

23.11.2019

US stocks boosted by strong consumer data

NEW YORK (AFP) - Wall Street stocks finished higher on Friday (Nov 22), shaving losses for the week following mostly solid retailer earnings and good consumer confidence data.. Read more at straitstimes.com.

"US consumers make up two thirds of the economy so the fact that the consumer spending is so strong, both on Main Street and Wall Street, especially as we head into the holiday season, is significant," he said.

US indices notched records on Monday but were under pressure the last three days amid rising uncertainty over US-China trade talks.

Wall Street rises modestly Among retailers releasing results, Nordstrom shot up 10.6 percent after reporting better-than-expected third-quarter results. It said its new New York flagship store drew 85,000 visits during the first weekend.

Read more: The Straits Times

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