Wall Street wavers after mixed data

Economies.com
2019-04-25 14:14PM UTC

US stock opened with mixed performance in early trading, as Dow Jones dropped, while Nasdaq rose to new record highs following positive earnings reports from some major technology companies.

 

Microsoft and Facebook reported positive earnings reports in the first quarter of this year as Microsoft's revenues from cloud computing increased in addition to an increase in Facebook's users.

 

US government data showed that the jobless claims increased by 37,000 to 230,000 during last week, the largest increase since 2017.

 

While US durable goods orders rose 2.7% in March, the biggest increase in seven months.

 

Separately, former Vice President Joe Biden announced his intention to run for president in the 2020 elections as the Democratic Party candidate.

 

During the trading session, Dow Jones fell by 0.8% (213 points) to reach 26,384 points, and Standard & Poor's shed 0.2% (7 points) to 2,920 points. while Nasdaq rose by 0.1% (equivalent to 5 points) to 8,107 points

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