Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
Losses are being extended with the Nasdaq down -200 points now
Major indices down over 1.1% with the Nasdaq down -1.37%
The major US stock indices are extending their losses with the NASDAQ index now down -200 points or -1.37%.
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