Import prices pick up in April

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 16 May 2024

⏱️ 1 minutes

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Summary

Stocks fall; monthly increase biggest since March 2022; housing starts rise; initial jobless claims fall.

Transcript

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0:00.0	This is the Marketplace Minute. I'm Justin Ho. Stocks close low on Thursday. The Dow
0:07.3	fell a tenth of a percent. The S&P lost two tenths percent, and the NASDAQ gave up a quarter of
0:12.4	a percent. The cost of imported goods
0:14.9	rose in April at a faster pace than in March. Prices were up almost 1 percent
0:19.5	according to the Labor Department. That's the biggest one month increase in more than two years.
0:24.0	A lot of that was because of higher fuel prices.
0:27.0	The price of imported food, vehicles, and consumer goods rose too.
0:31.0	The number of new housing projects rose in April from the month
0:34.6	before, up 5.7% according to the Commerce Department. Housing starts were up
0:39.8	a lot in the Midwest and the South, but they fell in the West and the Northeast.
0:45.1	And the number of people signing up for unemployment benefits fell last week to 222,000,
0:49.8	according to the Labor Department.
0:51.2	Overall, claims are still low.
0:53.8	I'm Justin Ho with the Marketplace Minute. You're going to.

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