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US Stocks Drift to a Mixed Finish as Yields Fall After a Discouraging Report on US Shoppers
- Stocks had a mixed finish on Wall Street as some companies reported profits, with Hasbro's stock rising while Coca-Cola's fell.
- The S&P 500 index decreased by 0.3%, dropping to 6,941.81 points after briefly hitting a recent high.
- U.S. Treasury yields declined following reports showing lower-than-expected retail sales at the end of last year.
- Traders raised expectations for potential interest rate cuts by the Fed due to disappointing retail sales data.
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32 Articles
SooLeader.comReposted by 
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union-bulletin.comUS stocks drift near records as yields fall after a discouraging report on US shoppers
Stocks are drifting near records in mixed trading on Wall Street
·Sault Ste. Marie, Canada
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The Trentonian+12 Reposted by 12 other sources
US stocks drift to a mixed finish as yields fall after a discouraging report on US shoppers
By STAN CHOE, AP Business Writer NEW YORK (AP) — Stocks drifted on Wall Street Tuesday following a mixed set of profit reports from big U.S. companies, as Hasbro jumped but Coca-Cola slipped. Hopes also built that the Federal Reserve will cut interest rates later this year to boost the economy following a discouraging report on the strength of U.S. shoppers. The S&P 500 fell 0.3% after briefly rising above its all-time high, which was set a coup…
Coverage Details
Total News Sources32
Leaning Left6Leaning Right5Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 28%
C 48%
R 24%
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