On Tuesday, September 17th, U.S. markets closed mixed, with stocks ending nearly flat after reaching record highs. Strong economic data alleviated slowdown concerns as investors awaited the Federal Reserve’s first anticipated rate cut in over four years, addressing potential economic weakness amid mixed job market signals.
According to economic data, U.S. retail sales rose 0.1% in August, beating expectations of a decline of 0.2%. The NAHB Housing Market Index increased to 41 in September, while business inventories grew 0.4% in July, exceeding the expected 0.3% rise.
Most S&P 500 sectors rose on Tuesday, led by consumer discretionary, energy, and industrials, while healthcare and consumer staples closed lower.
The Dow Jones Industrial Average was down 0.04% and closed at 41,606.18. The S&P 500 ended the day higher by 0.03% at 5,634.58, and the ...
