US stocks tread water over the week on generally positive economic and corporate earnings news. The S&P 500 edged down 0.1% and the Dow rose 0.6% for the week. Internationally, Japan climbed 1.5% and Europe rose 0.8% for the week. The yield on the 10-year Treasury was flat ending the week at 2.56%.
US manufacturing output was flat in March.
China’s first quarter GDP growth was steady at 6.4%, topping expectations.
US retail sales rose 1.6% in March topping expectations for the largest monthly gain since 2017.
Of the S&P 500 companies to report results to date, 77% have beaten analysts’ expectations.