NEW YORK (CNNMoney)
The Dow Jones industrial average added a handful of points, while the S&P 500 and the Nasdaq edged lower.
While the latest data show China's economy grew at a slower pace in the second quarter -- with gross domestic product expanding by 7.5% over the previous year -- the performance matched the government's target and the consensus estimate from private forecasters.
There had been concerns that the Chinese economic slowdown was intensifying. China has averaged growth of around 10% a year in the past three decades.
"While confirming the inevitable slowing of the emerging market's expansion, [there's] a collective sigh of relief that it wasn't any weaker," noted Mike van Dulken, head of research at Accendo Markets
Related: China's GDP growth slows to 7.5%
In the United States, retail sales grew 0.4% in June, according to the Commerce Department. Economists surveyed by Briefing.com had forecast a 0.7% rise. Excluding a surge in automobile sales, retail sales were flat in the month.
U.S. stocks inched higher Friday, and the slim gains were enough to send the Dow and S&P 500 to new record closing highs, and the Nasdaq to the highest level in over a decade.
What's moving? Shares of Leap Wireless International (LEAP) jumped 115% after AT&T (T, Fortune 500) said on Friday that it plans to acquire the prepaid wireless provider for about $1.2 billion.
Bank earnings remain in focus Monday. Citigroup (C, Fortune 500) reported quarterly net income of $4.2 billion, or $1.34 per share, driven by a jump in revenue and lower loan losses.
Related: Fear & Greed Index gets greedy
Boeing's (BA, Fortune 500) stock edged up after British investigators said that a Dreamliner fire at London Heathrow Airport last Friday was not linked to its batteries, which have created problems in the past.
Major European markets gained less than 0.5% in morning trading, while the main Chinese markets ended with gains. The Shanghai Composite index and the Hang Seng index popped up by 1% and 0.1%, respectively.
In Japan, the Tokyo Stock Exchange was closed for a holiday.
First Published: July 15, 2013: 9:41 AM ET
Anda sedang membaca artikel tentang
Stocks waver at the open
Dengan url
https://sepakgajah.blogspot.com/2013/07/stocks-waver-at-open.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks waver at the open
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar