Shutterstock photo
Markets

U.S. wholesale inventories rise 1.1% in April

Shutterstock photo

Shutterstock photo

Investing.com -

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%.

Investing.com offers an extensive set of professional tools for the financial markets.

Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!

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