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U.S. wholesale inventories rise 1.1% in April

Published 06/10/2014, 10:00 AM
U.S. wholesale inventories rise more than expected in April

Investing.com - U.S. wholesale inventories rose more-than-expected in April, official data showed on Tuesday.

In a report, the U.S. Commerce Department said that wholesale inventories increased by a seasonally adjusted 1.1% in April, above expectations for a 0.5% increase. Wholesale inventories rose by 1.1% in March.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.29% to trade at 1.353.

Meanwhile, U.S. stock markets were mostly lower after the open. The Dow dipped 0.2%, the S&P 500 inched down 0.2%, while the Nasdaq 100 dipped 0.1%.

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