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US stocks fall after disappointing data

Economies.com
2021-07-15 14:12 UTC

US stock indices fell in early trading on Thursday, after disappointing economic data, and the release of several corporate earnings results.

 

Data showed today the Chinese GDP reading showed a growth of 7.9% during the second quarter, lower than forecasts of 8%.

 

China's industrial production rose 8.3% during the second quarter, retail sales rose 12.1%, and the unemployment rate held at 5%.

 

The US unemployment claims fell to 360K last week, from the previous reading of 386K, worse than forecasts of 350K. 

 

The US industrial production rose 0.4% during June, lower than forecasts of a rise by 0.6%.

 

As for stocks, Dow Jones fell 0.1% or 40 points to 34,892 as of 13:58 GMT, and S&P 500 fell 0.1% or 6 points to 4,367, while Nasdaq fell 0.1% or 4 points to 14,640.

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