VWO - Asia Markets Mixed Europe Sees Uptick Crude Oil Trades Near $73 - Global Markets Today While Us Was Sleeping | Benzinga
On Wednesday, January 17th, U.S. stock markets closed lower, influenced by December’s positive U.S. retail sales data, which lessened the chances of an early Federal Reserve rate cut in March and by rising Treasury yields.
In economic data, U.S. retail sales increased by 0.6% in December, up from November’s 0.3% rise, and industrial production rose by 0.1% from the previous month. Additionally, the NAHB/Wells Fargo Housing Market Index rose to 44 in January, up from 37 last month.
Amazon (NASDAQ:AMZN), Nvidia Corp (NASDAQ:NVDA), and Alphabet (NASDAQ:GOOGL) each fell between 0.5% to 1%, contributing to the S&P 500’s decline,
The Dow Jones Industrial Average declined 0.25%, closing at 37,266.67, the S&P 500 ...