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US Stock Markets Recover Thursday

VOA News

   U.S. stocks made modest gains in Thursday's midday trading, recovered a
   little of the ground lost in Wednesday's drastic three percent fall.
   The S&P 500 advanced four-tenths of a percent from Thursday's open.

   Analysts say an encouraging report on retail sales reassured nervous
   investors, at least for the moment.

   Consumer demand is the largest driver of the U.S. economy, and retail
   sales rose a healthy seven-tenths of a percent last month. Walmart, the
   world's largest retailer, posted its best monthly sales so far this
   year. Consumers gained confidence because of low unemployment and
   modestly rising wages.

   Other sectors of the economy have weakened recently, including business
   investment and factory production amid worries of a trade war between
   the United States and China, the world's two largest economies.
   

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