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NEW YORK Dion Dawkins Youth Jersey , July 2 (Xinhua) -- U.S. stocks traded lower for the week as investors digested a batch of economic data and Federal Reserve officials' remarks from the country.


For the week, the blue-chip Dow edged down 0.2 percent, and the broader S&P 500 lost 0.6 percent, while the tech-heavy Nasdaq plunged 2.0 percent.


New orders for manufactured durable goods in May decreased 2.5 billion U.S. dollars or 1.1 percent to 228.2 billion dollars, according to U.S. Census Bureau on Monday, missing market expectations.


U.S. real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter Zay Jones Youth Jersey , according to the "third" estimate released by the the Commerce Department.


Consumer spending was revised to show a 1.1 percent increase from a prior 0.6 percent reading, said the department.


In the week ending June 24, the advance figure for seasonally adjusted initial jobless claims was 244,000, an increase of 2,000 from the previous week's revised level Tre'Davious White Youth Jersey , the Labor Department said on Thursday.


Personal income increased 67.1 billion U.S. dollars, or 0.4 percent in May, according to estimates released Friday by the U.S. Commerce Department, higher than market expectations.


The personal consumption expenditures price index, the Federal Reserve's preferred measure of inflation, declined 0.1 percent for May following a 0.2 percent gain the previous month. The year-on-year rate declined to 1.4 percent from 1.7 percent Kyle Williams Youth Jersey , lower than the expected rate of 1.5 percent.


Moreover, U.S. consumer sentiment fell to 95.1 in June, hitting the lowest level since November 2016, according to a survey released by the University of Michigan on Friday.


Investors also kept an eye on the closely-watched Federal Reserve officials' remarks throughout the week.


San Francisco Fed President John Williams said on Monday the Fed needs to raise rates gradually or the economy runs the risk of overheating, according to media reports.


New York Fed chief William Dudley said recent narrowing of credit spreads, record stock prices and falling bond yields could encourage the Fed to continue tightening U.S. policy.


U.S. Fed chair Janet Yellen said Tuesday that another financial crisis the likes of the one that exploded in 2008 was not likely "in our lifetime LeSean McCoy Youth Jersey ," said media reports.


She added that banks are very much stronger judging by how major institutions did in the recent stress tests.


Tech has been one of the best performing sectors so far this year, rising more than 15 percent already. But over the past month it has dropped quite a lot as some investors believe large-cap tech stocks are currently overvalued.


For the week, shares of Facebook and Amazon dropped more than 3 percent while Netflix and Google-parent Alphabet both lost over 5 percent.


CAPE TOWN, Aug. 3 (Xinhua) -- The South African cabinet has approved that the country submits its bid to host the 2023 Rugby World Cup (RWC), it was announced on Thursday.


"This will once again afford South Africa an opportunity to showcase the country to the international community," government spokesperson Phumla Williams said after a fortnightly cabinet meeting.


The race to host the 2023 Rugby World Cup is on and there are three runners fighting for the honour -- Ireland Tremaine Edmunds Youth Jersey , South Africa and France. The winner of the bid will be announced on November 15.


South Africa has previously hosted world-class events such as the All Africa Games, Cricket World Cup, 2010 FIFA World Cup and many international conferences.


"South Africa already has the requisite infrastructure to host the tournament (RWC) without allocating a budget for infrastructure development," Williams said.


Sports is said to be one of the most effective drivers of nation-building and the rugby sports programmes would enhance social cohesion, she said.


The programmes to be rolled out throughout the country leading to 2023 will leave a lasting legacy for the development of rugby in underprivileged communities, said Williams.


According to Williams Josh Allen Youth Jersey , the cabinet has approved the overall proposed package for this tournament which is an economic bid that would minimise the demands on the fiscus as well as stimulate economic activity employment and empowerment.


"The tournament will contribute to stimulating our economy by supporting government priorities, especially as it relates to preferential procurement and adherence to the Sport Transformation Charter and the sharing of the profits derived," Williams said.


The event will further boost the tourism and hospitality sectors, she added.


The government has set up the Inter-Ministerial Committee (IMC) on WRC 2023, with the aim of directing the bidding process and ensuring that the country benefits economically from this event, according to Williams.


First high speed railway in Inner Mongolia starts operation


China to host 9th BRICS Summit in September in Xiamen


New look of quake-hit county in China's Yunnan


Amazing canyon scenery in NW China's Gansu


Military parade held to mark PLA 90th birthday (Part I)


SWAT team members take part in drill


Acrobatic show staged in China's Xinjiang


Martial arts competition held in China's Henan


BEIJING Taron Johnson Youth Jersey , July 22 (Xinhua) -- Once known as the "world's factory" for producing cheap goods, China is relentlessly moving into an advanced stage in manufacturing upgrades in a time when the real economy matters like never before.


Two years after China announced its "Made in China 2025" strategy, despite lingering pressure on overall industries, progress on new industries, mass innovation, and smart manufacturing are painting a new picture.


"WINTER IS PASSING"