Wall Street ends mixed as Dow Jones, S&P recoup losses

Economies.com
2017-10-19 20:24PM UTC

US stock indices closed the fourth session of this week mixed after retrieving most of the earlier losses, with Apple leading the tech sector down 2%, marking its worst performance in two months amid doubts about the tech giant's strategy for issuing two editions of its famed iPhone product in 2017. 

 

The third quarter earnings season continues in earnest for major American banks and corporations, as today marks the 30th anniversary of Black Monday in 1987, while President Donald Trump is scheduled to meet with Federal Reserve Chair Janet Yellen later, as he convenes with several possible candidates for the job of Fed Chair to take over after Yellen's term ends next February, with a decision expected in the next few days from the White House. 

 

Otherwise, earlier US data showed unemployment claims down to 222 thousand from 244 thousand, below expectations of 240K, while the Philly manufacturing index jumped to 27.9 in October from 23.8 in September, besting expectations of 21.9, as the CB leading index dipped unexpectedly in May.

 

Dow Jones rose 0.02%, or 5.44 points to 23,163.04, while Standard and Poor's 500 added 0.03%, or 0.84 points to 2,562.10, as NASDAQ Composite declined 0.29%, or 19.15 points to 6,605.07. 

 

Gold futures due on December 16 rose 0.58% to $1,290.40 an ounce from the opening of $1,283.00, while the dollar index dipped 0.23% to 93.15 from the opening of 93.36. 

 

Otherwise, US crude futures due on November 15 tumbled 1.23% to $51.40 a barrel from the opening of $52.04, while Brent crude futures due on December 15 tumbled 1.56% to $57.24 a barrel from the opening of $58.15. 

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