Mumbai, February 11 (Udaipur Kiran): The US markets ended mostly in red on Tuesday as investors were braced for the release of the Labor Department’s closely watched monthly jobs report due on Wednesday and the consumer price index on Friday. Traders took note of Commerce Department released a report showing that retail sales in the U.S. were unexpectedly flat in the month of December. The report said retail sales came in virtually unchanged in December after climbing by 0.6 percent in November. Besides, separate report released by the Labor Department showed business inventories in the U.S. crept up by slightly less than expected in the month of November. Sector wise, housing stocks showed a substantial move to the upside amid a notable decrease by treasury yields, driving the Philadelphia Housing Sector Index up by 3.4 percent to a five-month closing high.
Nasdaq decreased 136.19 points or 0.59 percent to 23,102.47 and S&P 500 fell 23.01 points or 0.33 percent to 6,941.81, while Dow Jones Industrial Average rose 52.27 points or 0.1 percent to 50,188.14.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
