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U.S. stocks waver amid data

Xinhua, May 14, 2016 Adjust font size:

U.S. stocks traded in a range on Friday, as investors digested the newly-released economic data.

At midday, the Dow Jones Industrial Average shed 8.42 points, or 0.05 percent, to 17,712.08. The S&P 500 edged down 0.29 points, or 0.01 percent, to 2,063.82. The Nasdaq Composite Index was up 16.23 points, or 0.34 percent, to 4,753.56.

The advance estimates of U.S. retail and food services sales for April were 453.4 billion U.S. dollars, seasonally adjusted, an increase of 1.3 percent from the previous month, and 3 percent above April 2015, according to the U.S. Commerce Department Friday.

The Producer Price Index for final demand rose 0.2 percent in April, seasonally adjusted, the U.S. Labor Department reported Friday. Final demand declined 0.1 percent in March and 0.2 percent in February.

The index for final demand less foods, energy, and trade services moved up 0.3 percent in April following no change in March.

In corporate news, shares of Apple traded higher in early Friday, after falling sharply Thursday to close at its lowest since June 2014.

U.S. stocks closed mixed Thursday after choppy trading, as Wall Street digested soft economic reports. Enditem