About: http://data.cimple.eu/news-article/18ee58a64ad01e8a5c551c5800b04264fc10e07a4991257ccdafbbfe

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished a positive week on a tepid note, ending little changed following mixed data on US retail sales and industrial production. The Dow Jones Industrial Average ended the session up 0.1 percent at 27,931.02, concluding a winning week for the blue-chip index and the other two major US stock indices. The broad-based S&P 500 was essentially flat at 3,372.85, while the tech-rich Nasdaq Composite Index shed 0.2 percent to 11,019.30. Retail sales increased 1.2 percent last month compared to June, a more modest rise than economists had been expecting, held down by a decline in auto sales, according to government data. Industrial production rose 3.0 percent in July, the third consecutive monthly increase but a slower gain than in June, the Federal Reserve said. Despite the mediocre data and broad expectations that unemployment will remain at high levels for some time as the US struggles to contain the coronavirus, the S&P 500 and Nasdaq stand near all-time highs. "The recovery in equity markets has been stunning, partly reflecting the huge amount of stimulus that has been unleashed," said a note in Oxford Economics. "However, a further deterioration in the health situation or the absence of additional fiscal support are two key downside risks that are likely not fully discounted." The Oxford Economics note warned that Washington's failure to approve a new stimulus package "will minimize chances of a sustained economic rebound." President Donald Trump told reporters Friday he remains steadfast in opposing a spending package that would include help for ailing cities and states. "They want $1 trillion to go to their friends doing a bad job running certain cities and states that are doing very badly," Trump said, adding that Democrats are to blame for the impasse. jmb/hs
schema:headline	US stocks flat as data points to sluggish recovery
schema:mentions	S&P 500 Index Stock Unleashed (band) Dow Jones Industrial Average Industry Federal Reserve University of Washington University of Oxford Coronavirus President of the United States Donald Trump Stock market index NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)

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