US stocks fall after disappointing data
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.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1846
|
0.0058
|
0.4903%
|
|
|
|
|
1.3905
|
0.0108
|
0.7835%
|
|
|
|
Tadawul
|
10933.73
|
22.68
|
0.21%
|
|
|
|
|
25.024
|
-0.188
|
0.744%
|
|
|
|
|
72.405
|
0.764
|
1.066%
|
|
|
|
|
74.74
|
0.31
|
0.42%
|
|
|
|
|
1808.720
|
6.585
|
0.365%
|
|
