Retail Sales, Manufacturing Data: Stock Market Analysis

Retail Sales Miss, Manufacturing Beats Expectations

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, April 1. Major U.S. market indexes advanced for the third consecutive day. The Dow Jones Industrial Average and NASDAQ each rose 1.3%, and the S&P 500 gained 1.2% as investors reacted to better-than-expected manufacturing data in both the U.S. and China. Meanwhile, retail sales missed expectations and fell 0.2% in February, following January’s 0.7% upwardly revised gain. Lyft’s stock saw its second day of declines and closed the day down nearly 12%.

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