Shutterstock photo
Markets

U.S. business inventories rise 1% in January

Shutterstock photo

Shutterstock photo

Investing.com - U.S. business inventories rose more-than-expected in January, official data showed on Wednesday.

In a report, the U.S. Census Bureau said that wholesale inventories rose by 1% in January, above expectations for a 0.4% increase.

Business inventories in December were revised up to a 0.3% gain from a previously reported advance of 0.1%.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.72% to trade at 1.2941.

Meanwhile, U.S. equity markets were lower after the open. The Dow Jones Industrial Average declined 0.15%, the S&P 500 index dipped 0.1%, while the Nasdaq Composite index fell 0.3%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx