The Dow Jones Industrial Average fell 68.42 points, or 0.16 per cent, to 43,153.13, the S&P 500 fell 12.57 points, or 0.21 per cent, to 5,937.34 and the Nasdaq Composite fell 172.94 points, or 0.89 per cent, to 19,338.29.7:56 AMStock Market LIVE Updates: Good morning readers!
Retail sales increased 3.9 per cent year-on-year in December. A separate report from the Labor Department showed initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 217,000 for the week ended January 11.
The country's economy expanded by 5 per cent year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target. Fourth-quarter GDP beats expectations with 5.4 per cent growth, according to China’s National Bureau of Statistics.
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