U.S. stocks swung between gains and losses on Thursday as strong July retail sales and upbeat Walmart earnings eased fears of a recession, but mixed reports on trade and Cisco’s dismal forecast kept investors on edge.
The Commerce Department said retail sales rose 0.7% in July, well above expectations of a 0.3% rise, as consumers bought a range of goods even as they cut back on motor vehicle purchases.
At 11:00 a.m. ET, the Dow Jones Industrial Average was up 20.21 points, or 0.08%, at 25,499.63 and the S&P 500 was up 5.98 points, or 0.21%, at 2,846.58. The Nasdaq Composite was down 1.39 points, or 0.02%, at 7,772.55.
Source : Reuters