FXStreet (Córdoba) – US stocks finished mostly lower Thursday, as investors weighed Chinese moves and US retail sales data, which added fuel to September liftoff expectations.
The Dow Jones Industrial Average rose 5.74 points, or 0.03%, to end at 17,408.25. The S&P 500 Index dropped 2.66 points, or 0.13%, to finish at 2,083.39,. The Nasdaq Composite Index lost 10.83 points, or 0.21%, to close at 5,033.56.
US retail sales rebounded in July, rising 0.6%, slightly above expectations of a 0.5% increase, while excluding autos sales grew 0.4%, below the 0.5% of forecast. Separated data showed initial jobless claims rose by 5,000 to 274,000 in the seven days ended August 8, more than the 270,000 expected. Import prices fell by 0.9% in July, led by lower fuel prices.
China devalued the yuan for third time in a row but at the press conference held after the fixing, the PBoC said its yuan adjustments were almost complete and dismissed talk that it was looking for a 10% total devaluation.
(Market News Provided by FXstreet)