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July 16, 2024

Dow surges to fresh record, US stocks open mixed

ISTANBUL: The Dow Jones industrial average surged to a fresh record on Tuesday as US stocks opened the session on a mixed note.

The blue-chip index, which includes 30 prominent American companies, jumped 501 points, or 1.25%, to 40,713 at 10.08 a.m. …

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US retail sales remain steady at $704.3B in June

ISTANBUL: US retail sales in June showed no change from the previous month and remained steady at $704.3 billion, according to advance figures released Tuesday by the US Commerce Department.

The market estimate for the figure was to show a decrease o…

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Canada’s wholesale sales decrease 0.8% in May

ISTANBUL: Wholesale sales in Canada decreased 0.8% in May, compared to the previous month, to reach $82.2 billion, according to the statistics office on Monday.

The market expectation for wholesale sales, a leading indicator of consumer spending, was…

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