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.
US stocks open with gains. NASDAQ index still lower for the week.
S&P and Dow going for its fourth record close today
Yesterday the S&P and Dow both closed at record levels for the third consecutive day. The NASDAQ index snapped a to date losing streak. The NASDAQ is still lower for the week.
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