Stocks New York End: Dow is largely making up for losses

NEW YORK (dpa-AFX) – The US stock markets largely made up for initial losses in late trading on Thursday. As in the past two days, buyers came onto the market when the Dow Jones Industrial approached 34,500 points on the way down. In the end, the leading index recorded a moderate minus of 0.18 percent to 34,751.32 points. Stock traders spoke of a lethargic trade.

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Even before the start of the stock market, economic data had surprised positively. This was especially true for US retail sales. Contrary to analyst expectations, revenues rose in August. There was also a regional sentiment indicator for industry from the Philadelphia region, which rose for the first time in several months.

The broad S&P 500 closed 0.16 percent lower at 4473.75 meters. The Nasdaq 100, which is dominated by technology and biotech stocks, ended trading with a plus of 0.08 percent to 15,515.91 points./bek/men

Source: dpa-AFX

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