On Tuesday, October 17, the U.S. stock markets closed mixed, reflecting strong economic data and robust Q3 earnings, hinting at a prolonged tight monetary policy by the Federal Reserve.
U.S. retail sales increased by 0.7% in September, surpassing estimates of a 0.3% rise, while U.S. industrial production saw a 0.3% monthly gain in September, exceeding market expectations.
Most S&P 500 sectors closed positively, led by materials and energy stocks. However, the technology and real estate sectors closed lower.
The Dow Jones Industrial Average increased by 0.04% to 33,997.65, the S&P 500 inched lower by 0.01% to 4,373.20, while the Nasdaq Composite slid 0.25% ...