Wall Street posted marginal gains on Thursday, with traders unsettled by an unanticipated rise in unemployment, threatening a 2-day rally that wiped out losses sustained during the worst trading day of 2021. Sentiment took a hit after an unexpected jump in jobless claims, which last week set a fresh pandemic-era […]
unexpected
Stocks turn negative despite unexpected rise in retail sales
Stocks erased earlier gains to turn lower on Friday as traders digested a slew of earnings results and a new report on consumer spending that came in stronger-than-expected for June. The S&P 500, Dow and Nasdaq each erased gains to turn negative after opening higher. This week, investors have taken […]