Friday, July 15, 2016

Wall Street ended the week on a note spreads – Reuters

NEW YORK (Reuters) – Street ended Wall Friday without clear trend, retail sales better than expected and disappointing bank results being annihilated each other.

Still, all three indices recorded their third consecutive week of gains.

The Dow gained 10.14 point (0.05%) to 18,516.55 points. The S & amp; P 500, larger yielded 2.01 point (0.09%) to 2,161.74. The Nasdaq Composite has left his side 5.53 point (0.11%) to 5,028.53.

On the whole week, the Dow gained 2% the S & amp; P 500 1.5% and the Nasdaq Composite 1.5% also

retail sales rose more than expected in June in the US, which reinforces the impression of an acceleration of the US economy in the second quarter.

But the future may be darker than said this statistic since the moral of US households deteriorated in July, the first estimate shows the results of the monthly University of Michigan survey.

in addition, poor results from Citigroup and Wells Fargo have disappointed the expectations that were born the day before with those of JPMorgan Chase. Citi has yet announced a quarterly profit that has less lower than previously thought its CEO, while Wells Fargo saw its result burdened by the increase in provisions for receivables.

However, Citigroup accuses a modest loss of 0.27% while Wells Fargo stronger retrograde, 2.5%. The financial sector index shows a modest loss of 0.17%.

Overall, the ten major sector indices of the S & amp index; P- 500 likewise register the most often limited variations, in any case lower than 0.5%, in one direction or the other. More …

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