About: http://data.cimple.eu/news-article/fca67c1d3b6969e693e6c713138821919db49450998e6d5eec67f63d

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks pulled back Tuesday, with the Dow retreating from a record, despite strong consumer confidence data as US Treasury yields continued to climb. The Conference Board's index of consumer confidence jumped to 109.7 in March, up from 90.4 in February, in its best reading since the start of the coronavirus pandemic. The survey pointed to improved sentiment on business conditions and employment prospects in the wake of passage of President Joe Biden's $1.9 trillion economic relief package and as the White House discusses plans for a big new package on infrastructure spending. But the yield on the 10-year US Treasury bond continued to climb, amplifying worries of higher inflation that could spur aggressive policy changes by the Federal Reserve. The Dow Jones Industrial Average dropped 0.3 percent to 33,066.96. The broad-based S&P 500 fell 0.3 percent to 3,958.55, while the tech-rich Nasdaq composite Index slipped 0.1 percent to 13,045.39. Despite the declines, the indices finished well above their session highs. "The markets appeared to take a wait-and-see approach as tomorrow is expected to bring some much anticipated infrastructure spending details and insight into what potential tax changes may also accompany President Biden's plan," said a note from Charles Schwab. Large technology companies such as Apple, Microsoft and Facebook all fell about one percent or more. But companies from beaten-down sectors, such as hotel chain Marriott International and cruise company Carnival, pushed higher. jmb/to
schema:headline	Dow retreats from record despite strong consumer data
schema:mentions	Branch line S&P 500 Index Marriott International United States Department of the Treasury Dow Jones Industrial Average Carnival Federal Reserve Inflation Apple Inc. Presidency of Donald Trump Microsoft Hotel Pandemic Facebook Joe Biden Coronavirus President of the United States The Conference Board Charles Schwab Corporation United States Treasury security Consumer confidence NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	65 (xsd:integer)

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