US stocks mixed on Friday in weak macroeconomic environment

Nazim Sheikh

Global Courant 2023-04-28 20:49:11

ISTANBUL

US stocks mixed on Friday on weak macroeconomic results.

The Dow was up 135 points, or 0.4%, to 33,960 at 11.22 EDT. The S&P 500 rose 12 points, or 0.3%, to 4,147.

The Nasdaq was down four points, or 0.04%, to 12,137.

The VIX volatility index, also known as the fear index, dropped 4.3% to 16.30. Meanwhile, the US 10-year Treasury yield fell 2.2% to 3.452%.

The dollar index rose 0.1% to 101.57, while the euro was trading at $1.1037, up 0.1% against the dollar.

Precious metals were unchanged, with gold trading at $1,989 an ounce and silver at $24.94 an ounce, 0.3%.

Oil prices rose more than 2%, with global benchmark Brent crude at $80.12 per barrel and US West Texas Intermediate crude at $76.50.

The core personal consumption expenditures price index, the Federal Reserve’s preferred inflation indicator, rose to 4.6% year-on-year in March, up from 4.7% year-on-year, according to figures previously released by the Department of Commerce.

But the Commerce Department said Americans’ personal spending remained flat in March compared with the previous month.

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US stocks mixed on Friday in weak macroeconomic environment

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