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US stocks rebound to close higher but Dow down for week

Pelican Press

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US stocks rebound to close higher but Dow down for week

US stocks have rebounded from sharp losses the day before on news of an improving consumer

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on inflation, sending the Nasdaq to a fifth straight week of gains and record closing high.

The Commerce Department said new orders for key US-manufactured capital goods bounced back more than expected in April while the University of Michigan reported that consumers’ inflation expectations improved in late May after deteriorating early in the month.





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Business,Markets,premium
#stocks #rebound #close #higher #Dow #week

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