US stocks end mixed amid tech struggle

by IANS |

New York, Sep 12 (IANS) US stocks closed mixed on Friday after choppy trading, as the tech sector continued to struggle.

The Dow Jones Industrial Average rose 131.06 points, or 0.48 per cent, to 27,665.64. The S&P 500 increased 1.78 points, or 0.05 per cent, to 3,340.97. The Nasdaq Composite Index was down 66.05 points, or 0.60 per cent, to 10,853.55, Xinhua reported.

Seven of the 11 primary S&P 500 sectors finished higher, with industrials and materials up 1.39 per cent and 1.31 per cent, respectively, leading the gainers. Technology dipped 0.75 per cent, the worst-performing group.

US-listed Chinese companies traded mostly higher, with seven of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.

On the data front, US Consumer Price Index increased 0.4 per cent in August after rising 0.6 per cent in July, the US Bureau of Labor Statistics reported Friday. Economists polled by MarketWatch had forecast a 0.3-per cent advance.

The all items index increased 1.3 per cent for the 12 months ending August, reflecting that overall inflation remains quite low.


 

Latest News
IPL 2024: 'Sai Kishore did not expect I will go after him off the first ball', says CSK's Shivam Dube Fri, Mar 29, 2024, 03:55 PM
Talks with Ukrainian FM focused on conflict with Russia, says EAM Jaishankar Fri, Mar 29, 2024, 03:49 PM
Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk Fri, Mar 29, 2024, 03:42 PM
Chinese military offers help to Pakistan to curb terrorism Fri, Mar 29, 2024, 03:39 PM
Kangana Ranaut holds roadshow in Mandi, responds to Supriya Shrinate's 'bhao' jibe Fri, Mar 29, 2024, 03:36 PM
CPI tries to revive itself by launching ex-IPS officer in UP's Faizabad Fri, Mar 29, 2024, 03:29 PM
Mandya in Karnataka to witness mega clash between Kumaraswamy and Star Chandru Fri, Mar 29, 2024, 03:26 PM
I-T seizes unaccounted cash from Kolkata bizman's office Fri, Mar 29, 2024, 03:24 PM
Byju's EGM on rights issue ends sans objections, dissenting investors skip meet Fri, Mar 29, 2024, 03:12 PM
Anti-abuse provisions should not be used in receipt of capital from credible investors: Experts Fri, Mar 29, 2024, 03:09 PM
UP: Kamaal R Khan's brother to contest from Saharanpur on BSP ticket Fri, Mar 29, 2024, 02:59 PM
Pakistan: Alarm bells ring as judicial bodies gear up to protect their judges against 'targeted assault' Fri, Mar 29, 2024, 02:50 PM
Judicial probe ordered in Mukhtar Ansari's death Fri, Mar 29, 2024, 02:46 PM
Stories come knocking, characters start whispering to me: Filmmaker Rima Das Fri, Mar 29, 2024, 02:45 PM
Magisterial probe ordered into Mukhtar Ansari's death Fri, Mar 29, 2024, 12:52 PM