The development was mixed on the American stock exchanges on Thursday. The broad S&P 500 index rose 0.4 percent and the Dow Jones industrial index lifted 0.7 percent, while the technology-heavy Nasdaq composite index fell 0.2 percent.
Several reports on the state of the US economy presented during the day pointed in different directions.
On the one hand, new statistics showed that retail sales were lower than expected in April. On the other hand, inflation was lower in the production sector than analysts had predicted. Unemployment also appears to be decreasing – the number of applications for unemployment benefits was fewer than expected last month.
Among individual companies, technology giant Cisco Systems stood out, with its share price rising 4.9 percent. The company's profit for the latest quarter exceeded forecasts, and analysts were positive about Cisco's projects in artificial intelligence.
