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U.S. stocks close mixed amid economic data

2019-06-28 04:42

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NEW YORK, June 27 (Xinhua) -- U.S. stocks closed mixed on Thursday as investors digested a batch of key economic data.

The Dow Jones Industrial Average fell 10.24 points, or 0.04 percent, to 26,526.58. The S&P 500 was up 11.14 points, or 0.38 percent, to 2,924.92. The Nasdaq Composite Index was up 57.79 points, or 0.73 percent, to 7,967.76.

The Commerce Department said the U.S. economy grew at 3.1 percent in the first quarter, according to its third estimate.

The figure was in line with the second estimate because the upward revisions to nonresidential fixed investment, exports, state and local government spending, and residential fixed investment were offset by downward revisions to personal consumption expenditures (PCE) and inventory investment and an upward revision to imports, the department said.

In the week ending June 22, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 10,000 from the previous week's revised level, the Labor Department said on Thursday. The previous week's level was revised up by 1,000 from 216,000 to 217,000.

The four-week moving average was 221,250, an increase of 2,250 from the previous week's revised average, said the department.

The pending home sales index, a forward-looking indicator based on contract signings, climbed 1.1 percent to 105.4 in May, up from 104.3 in April, the National Association of Realtors said on Thursday.

The association said year-over-year contract signings declined 0.7 percent, marking the 17th straight month of annual decreases. Enditem

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