Stock market today October 16, 2020

stock market today

A mixed close for the US stock market today. S&P 500 closed flat, Dow Jones gained 112points, Nasdaq lost 42 points. At the close today the US stock market numbers:

S&P 500: 3,483.81,+0.47(+0.01%)
Dow 30: 28,606.31,+112.11(+0.39%)
Nasdaq: 11,671.56,-42.31(-0.36%)
Russell 2000: 1,634.91,-3.97(-0.24%)

Stock market news

“U.S. retail sales jumped 1.9% in September from August, blowing past estimates for a 0.8% gain, according to Bloomberg data. Spending at clothing stores surged 11% during the month but held below levels from September last year. Sales at department stores, auto dealers and sporting goods stores also contributed to retail sales’ fifth straight monthly gain.

The upsize surprise for on consumer spending – the biggest contributor to U.S. economic activity – helped offset concerns of the pace of recovery in the manufacturing sector. U.S. industrial production unexpectedly declined for the first time in five months in September, new Federal Reserve data showed.

Meanwhile, shares of Dow-component Boeing (BA) jumped more than 2.5% after Europe’s top aviation regulations agency EASA suggested that the 737 Max will be safe to fly again in the region before the end of the calendar year, according to a Bloomberg interview with the director of the agency. The 737 Max has been grounded globally since March 2019 following two deadly crashes.

Pfizer (PFE), meanwhile, said in an update Friday that it expected to reach a key milestone in its COVID-19 vaccine candidate testing in the third week of November, after which it planned to apply for Emergency Authorization Use through the U.S. Food and Drug Administration. Shares increased more than 1%.”

Stock market data: Yahoo Finance

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