Stock market

Stock Market Today: Dow, S&P Live Updates for Nov. 16, 2021 – Bloomberg

Summary

Stocks advanced after the biggest increase in U.S. retail sales since March, with results from industry giants Walmart Inc. and Home Depot Inc. showing robust demand even as inflation squeezes purchasing power.

The strong retail figures alongside better-than-estimated factory output and homebuilder confidence helped lift equities, overshadowing comments from Federal Reserve Bank of St. Louis President James Bullard that the central bank should speed up its reduction of monetary stimulus…….

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Stocks advanced after the biggest increase in U.S. retail sales since March, with results from industry giants Walmart Inc. and Home Depot Inc. showing robust demand even as inflation squeezes purchasing power.

The strong retail figures alongside better-than-estimated factory output and homebuilder confidence helped lift equities, overshadowing comments from Federal Reserve Bank of St. Louis President James Bullard that the central bank should speed up its reduction of monetary stimulus to offset inflation. All major equity benchmarks climbed, with the S&P 500 extending its November rally. Treasuries fell.

Source: https://www.bloomberg.com/news/articles/2021-11-15/asia-stocks-to-drift-treasury-yields-dollar-jump-markets-wrap