Stock market commentary, analysis, insight and opinion of the RightLine Editors is available every Tuesday/Thursday evening & Saturday
afternoon. The following is excerpted from the:
February 13, 2020 - The RightLine Report
Notes From The Editor
The major US stock indices were mixed on Friday as investors continue to carefully monitor developments and the economic effect of the spreading coronavirus. Economic headlines included a near two-year high in consumer sentiment, sluggishness in industrial production and weaker Core Retail Sales than expected. Core Retail Sales refers to total retail sales of all goods in the United States minus automobiles and gasoline, which are not included due to their volatility. In earnings, Expedia Group (EXPE $123) beat quarterly profit expectations. Gold, the USD/dollar, oil prices and treasury yields all closed higher.
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The major US stock indices were mixed on Friday as investors continue to carefully monitor developments and the economic effect of the spreading coronavirus. Economic headlines included a near two-year high in consumer sentiment, sluggishness in industrial production and weaker Core Retail Sales than expected. Core Retail Sales refers to total retail sales of all goods in the United States minus automobiles and gasoline, which are not included due to their volatility. In earnings, Expedia Group (EXPE $123) beat quarterly profit expectations. Gold, the USD/dollar, oil prices and treasury yields all closed higher.
