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209529US Stocks Close Week on Strong Note10/15/2021 8:13:00 PM"Wall Street rallied on Friday to book a winning week as investors piled back into economically sensitive cyclical stocks after more strong earnings reports and an upbeat surprise in retail trade data. Retail sales in the US unexpectedly rose for the second month in September, a sign of resilience from consumers. Meanwhile, the earnings season continues with results from Goldman Sachs smashing forecasts. On Thursday, eight S&P 500 companies reported quarterly results with each topping estimates, led by financial giants Bank of America, Morgan Stanley and Citigroup. The Dow Jones climbed 382.2 points, or 1.1%, to 35,294.76; the S&P 500 added 0.8% at 4,471.37 and the Nasdaq Composite rose 0.5% to 14,897.34. The three major indexes closed the week higher."United StatesStock MarketINDU/united-states/stock-market
209521"US Stocks Rise as Retail Sales, Earnings Beat"10/15/2021 5:47:00 PM"US stocks rallied on Friday, with the Dow Jones adding almost 400 points to a 5-week high of 35262 and the S&P 500 touching a 4-week high of 4466, after retail sales in the US posted another unexpected strong rise in September, a sign of resilience from consumers. Meanwhile, the earnings season continues with results from Goldman Sachs smashing forecasts. On Thursday, eight S&P 500 companies reported quarterly results with each topping estimates, led by financial giants Bank of America, Morgan Stanley and Citigroup. On the week, the 3 key stock indexes are on track to book gains."United StatesStock MarketINDU/united-states/stock-market
209502US Consumer Sentiment Below Forecasts10/15/2021 2:05:29 PM"The University of Michigan's consumer sentiment for the US fell to 71.4 in October of 2021 from 72.8 in September and below market forecasts of 73.1, preliminary estimates showed. The gauge of current conditions dropped to 77.9 from 80.1 while the expectations subindex went down to 67.2 from 68.1. Meanwhile, inflation expectations for the year-ahead edged up to 4.8% from 4.6% while the 5-year outlook eased to 2.8% from 3%. The Delta variant, supply chain shortages, and reduced labor force participation rates will continue to dim the pace of consumer spending into 2022. There is another, less tangible factor that has contributed to the slump in optimism: confidence in government economic policies has significantly declined during the past six months."United StatesConsumer ConfidenceCONCCONF/united-states/consumer-confidence
209501US Business Inventories in line with Forecasts10/15/2021 2:03:00 PM"Manufacturers’ and trade inventories in the US rose 0.6 percent from a month earlier in August of 2021, following an upwardly revised 0.6 percent gain in July and in line with market expectations. Stocks were up at wholesalers (1.2 percent vs 0.6 percent in July), manufacturers (0.6 percent vs 0.6 percent and retailers (0.1 percent vs 0.4 percent). Year-on-year, business inventories jumped 7.4 percent."United StatesBusiness InventoriesUNITEDSTABUSINV/united-states/business-inventories
209497"US Stocks Rise as Retail Sales, Earnings Beat"10/15/2021 1:34:00 PM"US stocks rallied on Friday, with the Dow Jones adding more than 300 points and the S&P 500 touching a 4-week high of 4466, after retail sales in the US posted another unexpected strong rise in September, a sign of resilience from consumers. Meanwhile, the earnings season continues with results from Goldman Sachs smashing forecasts. On Thursday, eight S&P 500 companies reported quarterly results with each topping estimates, led by financial giants Bank of America, Morgan Stanley and Citigroup. On the week, the 3 key stock indexes are on track to book gains."United StatesStock MarketINDU/united-states/stock-market