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Barchart
Barchart
Rich Asplund

Stocks Little Changed After Mixed Economic News

United States ECB US Federal Reserve Bloomberg Intelligence Citigroup

The S&P 500 Index ($SPX) (SPY) today is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%.

Stock indexes today are mixed, with the S&P 500 posting a new record high and the Dow Jones Industrials posting a 1-week high.  Today’s US economic news was Fed-friendly and supportive for stocks after weekly initial unemployment claims rose more than expected, and Q1 nonfarm productivity was stronger than expected.  Also, Q1 unit labor costs were unexpectedly revised lower.   However, stocks were weighed down after the US trade deficit in April widened by the most in 1-1/2 years, a negative factor for GDP.

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