Wall Street slips from its record following the latest weak update on the U.S. economy
- The U.S. stock market declined from its all-time high after a weak report on consumer spending at retailers.
- The S&P 500 fell 0.2 percent, the Dow Jones Industrial Average dipped 107 points, and the Nasdaq composite sank 0.3 percent.
- Shoppers spent less at U.S. retailers last month, surprising economists who expected growth.
- A preliminary survey indicated that consumer sentiment is weakening, particularly among older and lower-income groups.
- Reddit's stock jumped 12.6 percent after being added to the S&P 500 index.
The U.S. stock market edged back from its all-time high after a report showed a surprising decline in consumer spending at retailers. The S&P 500 slipped 0.2 percent from its record set the day before, while the Dow Jones Industrial Average dipped 107 points and the Nasdaq composite sank 0.3 percent.
The report indicated that shoppers spent less at U.S. retailers last month than in the previous month, surprising economists who had forecasted growth. Additionally, a preliminary survey suggested that consumer sentiment is weakening, particularly among older and lower-income groups.
On a more positive note for financial markets, the decline in spending could alleviate some inflationary pressures. However, this weak data has raised concerns about the potential for a slowing economy, especially as inflation remains high. Meanwhile, Reddit's stock surged 12.6 percent after it was announced that it would join the S&P 500 index, which often leads to increased buying from investors.
华尔街因最新美国经济疲软数据而回落
美国股市因零售商消费者支出疲软报告而回落，未能维持历史最高点。标准普尔500指数从前一天的记录下跌0.2%，道琼斯工业平均指数下跌107点，纳斯达克综合指数下跌0.3%。
报告显示，上个月美国零售商的消费者支出低于前一个月，令经济学家感到意外。此外，初步调查显示消费者信心减弱，尤其是在老年人和低收入群体中表现明显。
不过，对金融市场而言，支出下降可能会缓解一些通胀压力。然而，这些疲软的数据引发了对经济放缓风险的担忧，尤其是在通胀仍然高企的情况下。同时，Reddit的股票因被纳入标准普尔500指数而上涨12.6%，这通常会导致投资者增加购买。