Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
NEW YORK, Oct 17 - U.S. stocks ended flat to lower on Tuesday as Treasury yields rose and shares of chipmakers fell after the Biden administration said it planned to halt shipments of advanced artificial intelligence chips to China.
Helping to limit the declines, though, were upbeat earnings reports from companies including Bank of America , whose stock was up following its quarterly results. Data earlier showed U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars. A separate reading showed production at U.S. factories increased more than expected in September.
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