NEW YORK (dpa-AFX) – Before the weekend, the investors on Wall Street lost their courage in the last few meters. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) gave up part of its gains and closed 0.39 percent firmer at 28,606.31 points. This melted his weekly plus to a measly 0.07 percent. The market-wide S&P 500 saved a daily gain of 0.01 percent to 3483.81 points, while the technology-heavy NASDAQ 100 slipped into the red and ultimately lost 0.39 percent to 11 852.17 points.
Observers identified good retail sales as the mainspring of the long, more friendly market development. These rose more than twice as much as expected in September. Consumer spending is a major driver of the US economy. In addition, consumer confidence collected by the University of Michigan brightened more than expected in October. In contrast, data on industrial production and utilization fell short of economists’ forecasts in September. / Gl / men
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