Stock market today: Stocks mixed after retail sales tumble | February 15, 2024

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US stocks were mixed on Thursday, striving to mount a further rebound as investors digested disappointing retail sales that raised questions about a "soft landing" scenario for the US economy.

The Dow Jones Industrial Average (^DJI) rose as much as 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) lost 0.2%. The S&P 500 (^GSPC) hugged the flatline during trading after coming off a solid recovery that saw the benchmark top the 5,000 mark again in the prior session.

Stocks have recouped some of the steep losses booked Tuesday after a hot inflation print dented hopes for interest rate cuts. Comments from Federal Reserve policymakers playing down the data helped soothe nerves.

But investors are still wondering whether the rout was a one-off, with some seasonal weakness playing a part, or the start of a bigger pullback. Many Wall Street strategists have pointed out that there were signs of resilience even as stocks tumbled.

On Thursday, investors turned their focus on January retail sales, which fell 0.8% from the prior month, raising questions about consumer resilience and the chance of a "no landing" scenario for the US.

Wall Street will also listen out for remarks from Fed officials Christopher Waller and Raphael Bostic later in the day, with the latter speaking after the bell.

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Видео Stock market today: Stocks mixed after retail sales tumble | February 15, 2024 канала Yahoo Finance