Stocks End Mixed Amid Retail Sales, Consumer Sentiment; Boeing UpWall Street gets a boost from a 1.9% surge in U.S. retail sales in September, and an improvement in consumer sentiment in October.Author:Joseph WoelfelPublish date:Oct 16, 2020 4:28 PM EDT
Stocks ended mixed Friday after a report showed September retail sales surged 1.9% and as consumers’ sentiment improved in October as their expectations of economic prospects brightened.
Equities also got a lift from news that Pfizer (PFE) – Get Report would seek emergency-use approval for its Covid-19 vaccine as soon as November, and that European regulators deemed Boeing’s (BA) – Get Report grounded 737 MAX aircraft safe enough to fly.
The Dow Jones Industrial Average ended up 112 points, or 0.39%, to 28,606 and the S&P 500 edged up 0.01%. The Nasdaq