NEW YORK: Stocks slipped on Friday after reports showed that consumer prices and housing starts fell in April, raising questions about the economy's health and prompting investors to rein in their recent stock-buying spree.
The broad Standard & Poor's 500 index has surged 18% since mid-March in a rally that carried it to its highest levels in nearly nine months this week and helped it rack up its first five-week winning streak since last summer.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!