Stocks mostly rise at end of turbulent week

Quick Summary:

NEW YORK: Stocks wobbled in trading Friday (Aug 9) but largely closed higher at the end of a roller-coaster week for markets, on worries the US economy could tip into recession.

"Markets are now eyeing upcoming (US) inflation and retail sales data, which could lead to future volatility".

"Despite the volatility in claims data, especially around this time of year, the data helped allay fears of a more rapid deterioration in the labour market," said National Australia Bank's Taylor Nugent.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaChinaHong KongJapanUnited States

Topics: Cent Trading Data Inflation York Unemployment Worries Higher Economy Markets Week

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 05:25:09 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22001551

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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Publisher ID: #27

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