Markets

Industrial production grew 0.1% in July, the Federal Reserve reported Wednesday.

U.S. retail sales rose by more than forecast in July as Americans snapped up clothes and headed to restaurants.

Productivity gains in the U.S. accelerated by more than expected to the fastest pace since 2015 while labor costs fell.

Selling prices remained elevated, while business activity expanded at a faster pace in August.

Action was brisk in the municipal bond market on Tuesday as several big deals were priced in the primary.

The rating agency assigns a stable outlook to the Silicon Valley city.

Moody's Investors Service cut its rating to A2 from A1.

The state's $920 million GO sale is its first since it adopted a new budget and Moody's raised its rating outlook.

Primary market action kicked off Tuesday as several big deals were offered to municipal bond buyers.

Moody’s cited the Pennsylvania city’s continued reliance on its 2013 utility sale to sustain operations.