NEW YORK, United States — Wall Street stocks retreated while the dollar rallied on Thursday following stronger-than-expected US economic data. The positive data could delay Federal Reserve interest rate cuts.

The US government revised its second-quarter economic growth rate upwards to 3.8 percent from the previously reported 3.3 percent. This revision reflects higher consumer spending than initially anticipated.

It marks the…

https://business.inquirer.net/549307/wall-street-stocks-fall-again-as-strong-us-data-boosts-dollar