The three major US stock market indices ended Monday’s trading mixed. wall street gave signs of indecision and ended without a clear direction a day in which investors assimilated weak figures for the Chinese economy, affected by the closures by Covid-19.
The benchmark market index, the S&P 500, which brings together the papers of the 500 most solid issuers, moved -0.39% to 4,008.01 points. The dow jones, of 30 industrial giants, rose 0.08% to 32,223.42 units. The index nasdaqof high technological weight, fell -1.20% to a level of 11,662.79 units.
Retail sales in China, the world’s second largest economy, fell 11.1% year-on-year in April, in the biggest contraction since March 2020. Added to this is a surprise drop in industrial production and concerns about tightening the posture of the Federal Reserve (Fed).
“The poor results in China come one after another, as a result of its confinement policy. Retail sales fell in April at an annual rate. Manufacturing production fell and investment in fixed assets remained positive, but slowed down,” he said in a report. eToro analyst Javier Molina.