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Market Update: HAS, LRLCY, ABNB

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L’OREAL UNSPON ADR EACH REP 0.2 (LRLCY) Stock Forecasts

AllMarket Update

Argus•February 15, 2024
Sector(s)

Consumer Defensive, Consumer Cyclical

Summary

Stocks were mixed on Thursday intraday as investors digested new economic data. U.S. retail & food services sales fell 0.8% in January from December, but were up 0.6% from a year ago. That was below estimates for a 0.2% decline in sales. Excluding automobiles, sales were down 0.6%, and excluding gas, down 0.8%. Initial jobless claims for the week were 212,000, down from the previous week’s revised 220,000. Ongoing unemployment increased 30,000 to 1,895,000, which pushed the insured unemployment rate up to 1.3%. The Dow rose 0.5%, the S&P 500 was up 0.02%, while the Nasdaq lost 0.2%. Crude oil traded just above $78 per barrel and gold was up $6 to $2010 per ounce.

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