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US Equity Indexes Mixed After Weak Retail Sales Data
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US Equity Indexes Mixed After Weak Retail Sales Data
Mar 17, 2025 9:41 AM

12:20 PM EDT, 03/17/2025 (MT Newswires) -- US equity indexes were trading mixed after midday Monday following the release of retail sales data that fell short of market expectations.

The Nasdaq Composite fell 0.2% to 17,716.3, while the S&P 500 rose 0.3% to 5,655.5 and the Dow Jones Industrial Average climbed 0.6% to 41,739.8. Energy and real estate were the top gainers intraday, while consumer discretionary was the steepest decliner.

In economic news, US retail sales rose 0.2% in February, lower than the 0.6% increase expected in a survey compiled by Bloomberg and following the previous month's revised 1.2% fall.

In company news, Intel's ( INTC ) incoming Chief Executive Officer Lip-Bu Tan is considering significant changes to the company's foundry business and AI strategies as part of turnaround efforts, Reuters reported Monday. One of Tan's top priorities is revamping Intel's ( INTC ) manufacturing operations to attract external customers more aggressively. Intel ( INTC ) shares advanced nearly 8% in recent trading.

PepsiCo ( PEP ) agreed to acquire the prebiotic soda brand Poppi for $1.95 billion, which includes expected cash tax benefits of $300 million for a net purchase price of $1.65 billion. PepsiCo ( PEP ) shares added 1.6%.

The US 10-year Treasury yield fell 4.4 basis points to 4.26%, and two-year rate was unchanged at 4.02%.

The US Dollar Index was down 0.3% to 103.37.

West Texas Intermediate crude rose 0.7% to $67.62 per barrel.

Gold was up 0.2% to $3,005.8 an ounce, and silver declined 0.5% to $34.26 per ounce.

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