NEW YORK, June 16 (Xinhua) -- U.S. stocks posted mixed weekly results as investors digested a slew of economic data as well as geopolitical news.
For the week, the Dow Jones Industrial Average fell 0.9 percent, the S&P 500 increased 0.01 percent while the Nasdaq Composite Index rose 1.3 percent.
On the economic front, the June Empire State Manufacturing Survey released on Friday showed its headline general business conditions index climbed five points to 25, indicating a faster pace of growth than in May.
The index closely watches manufacturing activity in New York State. The Federal Reserve Bank of New York conducts the survey monthly and participants represent a variety of industries.
Consumer sentiment rose slightly in early June due to consumers' more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables, according to the University of Michigan.
The University's Friday report on consumer attitudes about the economy hit 99.3 in a preliminary June reading, higher than analysts' expectation.
In the week ending June 9, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of 4,000 from the previous week's unrevised level of 222,000, said the Labor Department Thursday. The 4-week moving average was 224,250, a decrease of 1,250 from the previous week's unrevised average of 225,500.
On Wednesday, the Federal Reserve raised interest rates for a second time this year and projected two more rate hikes. It said the labor market continued to strengthen and that job gains have been strong.
The Commerce Department said on Thursday retail sales rose 0.8 percent in May, exceeding market expectations. That also marked the biggest gain in retail sales since November.
The Consumer Price Index for All Urban Consumers increased 0.2 percent in May on a seasonally adjusted basis after rising 0.2 percent in April, the Labor Department said on Tuesday.
The index for all items less food and energy, or the Core CPI, rose 0.2 percent in May. This brings the year-on-year increase in the index to 2.2 percent, according to the department.
Also in this week, the hotly anticipated meeting between the top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un and U.S. President Donald Trump in Singapore concluded.
Kim and Trump signed a joint statement after their meeting, the first between incumbent leaders of the two countries.
In the joint statement, Trump committed to providing security guarantees to the DPRK, while Kim reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula.
