Asian markets closed mostly higher, but the gains were limited. The Nikkei rose .2% to 8580, but was down .4% for the week, its 8th straight weekly loss. The Kospi advanced .5% to 1824, and the Hang Seng ticked up .3% to 18713. Concerns over a slowdown in China sent the Shanghai Composite down .7% to 2334, and Australia’s ASX 200 dropped .7%, as those fears weighed on Australian miners.
In Europe, stocks posted modest gains, despite mounting suspicion of a Greek exit from the eurozone. The DAX climbed .4%, the CAC40 gained .3%, and the FTSE rose fractionally.
US markets traded lower ahead of the extended Memorial Day weekend. The Dow sank 75 points to 12455, the S&P 500 eased .2%, and the Nasdaq edged down .1% to 2838.
Currencies
The euro slipped .2% to 1.2515 in volatile trading, as prices briefly dipped below the 1.2500 level. The Australian dollar, Japanese yen, and the Swiss franc all eased .1%, while the Canadian dollar lost .3% to 1.0294.
Economic Outlook
Consumer sentiment rose to 79.3, hitting its highest level since October 2007, and blowing past forecasts for 77.7.
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US Stocks Slide Despite Upbeat Consumer Sentiment Data
Published 05/28/2012, 05:24 AM
Updated 05/14/2017, 06:45 AM
US Stocks Slide Despite Upbeat Consumer Sentiment Data
Equities
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