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 retail spending report.
- The S&P 500 fell 0.2 percent, while the Dow Jones Industrial Average dropped 107 points and the Nasdaq composite decreased 0.3 percent.
- Retail sales data surprised economists, indicating a decrease in consumer spending last month.
- Concerns about a slowing economy and persistent inflation were raised due to the weak economic indicators.
- Despite the drop, the S&P 500 closed out a third consecutive winning week.
NEW YORK — The U.S. stock market edged back from its all-time high Friday following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers.
The S&P 500 slipped 0.2 percent from its record set the day before. The Dow Jones Industrial Average dipped 107 points, or 0.2 percent, and the Nasdaq composite sank 0.3 percent.
Such data could keep interest rates low, which is something Wall Street loves, but it also raises the risk of a slowing economy when inflation is still high. Despite the loss, the S&P 500 closed out a third straight winning week, its longest such streak since a nine-week run that ended in May.
华尔街因最新经济疲软数据回落至纪录水平
纽约——美国股市因最新经济报告意外疲软而从历史高点回落，此次报告涉及消费者在零售商的支出情况。
标准普尔500指数较前一天的纪录下跌0.2%。道琼斯工业平均指数下跌107点，或0.2%，纳斯达克综合指数下跌0.3%。
这些数据可能会保持低利率，这正是华尔街所喜爱的，但它也提高了在高通胀的情况下经济放缓的风险。尽管下跌，标准普尔500指数仍结束了连续第三周的上涨，这是自5月以来最长的上涨周期。