16 November 2016, 18:03  US equity indices mixed

Major US equity indices witnessed mixed opening, with the Dow Jones Industrial Average (DJIA) snapping six days of winning streak. At the time of writing, DJIA was mildly lower by over 20 points at 18,845, while the broader S&P500 index was up 5 points to 2,170. Meanwhile, tech-heavy Nasdaq composite outperformed other indices and was higher by 20 points to 5,238. On economic data front, US monthly retail sales posted stronger-than-expected growth of 0.8% in October and core retail sales (excluding automobile sales) also recorded better-than-expected growth. Meanwhile, the Empire State Manufacturing Index surprisingly moved into expansion territory for the first time in four month and came-in at 1.5 for November as compared to -1.5 expected and previous month's -6.8. In currency markets, the overall US Dollar Index regained its lost ground as upbeat US economic data reaffirmed market expectations that the Fed would go ahead and raise interest rates at its December meeting. In other markets, WTI crude oil prices rose after posting three consecutive days of losses and gold staged a minor recovery from Monday's five-month low. Meanwhile, European equity markets traded with positive bias amid retreat in Treasury bond yields.

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