Retail boost helps lift S&P 500

Reuters2021-11-17

(Reuters) - U.S. stocks closed higher on Tuesday as earnings from Home Depot and retail sales data signaled solid consumer health and eased worries about a Federal Reserve that may have to become more...

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ALAL
2021-11-18
ALAL
Good
LIM97
2021-11-17
LIM97
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- YMCheah:
  ok
- Jyozu:
  Pls like back
Ninjachips
2021-11-17
Ninjachips
👍🏻👍🏻
674575e6
2021-11-17
674575e6
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- LIM97:
  Ok
- Ninjachips:
  👍🏻
HumjimPiang8
2021-11-17
HumjimPiang8
awesome news!
- 674575e6:
  yes
kwkw
2021-11-17
kwkw
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Its shares gave up early gains, however, and fell 2.55%, their biggest daily percentage decline since May, as supply-chain woes dented margins and weighed on the consumer staples sector.\nRetailers Target Corp, Macy's Inc and Kohl's Corp are set to report earnings this week.\nOther data on the day showed U.S. manufacturing output surged to a two-and-a-half-year high in October.\nThe positive data helped investors look past comments from St. Louis Federal Reserve President James Bullard, who called for a more hawkish stance by the central bank in response to rising inflation.\nIn contrast, San Francisco Federal Reserve Bank President Mary Daly on Tuesday called for central bank patience in the face of high inflation which, she predicted, will likely fade on its own as the pandemic recedes.\nInvestors have also been eyeing the possibility that President Joe Biden may pick a new head of the Federal Reserve as Chair Jerome Powell's term is set to end in February 2022, with Biden saying on Tuesday afternoon he will make a final decision in about four days.\nTechnology shares also moved higher, up 1.07%, lifted in part by a 7.89% gain in chipmaker Qualcomm Inc , which rose after it said German automaker BMW will use its chips in its next generation of driver-assistance and self-driving systems.\nElectric-car maker Tesla Inc posted its first advance in four sessions, even as CEO Elon Musk sold $930 million in shares. 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