Markets > Stocks

U.S. stocks end mixed amid upbeat data

NEW YORK
2019-11-06 08:11

Already collect

NEW YORK, Nov. 5 (Xinhua) -- U.S. stocks closed mixed on Tuesday, with the Dow hitting a new record high, as investors digested a set of upbeat data and the market was buoyed by continued hopes for improving U.S.-China trade ties.

The Dow Jones Industrial Average increased 30.52 points, or 0.11 percent, to 27,492.63. The S&P 500 decreased 3.65 points, or 0.12 percent, to 3,074.62. The Nasdaq Composite Index rose 1.48 points, or 0.02 percent, to 8,434.68.

Six of the 11 primary S&P 500 sectors traded higher around market close, with the energy sector up 0.45 percent, leading the winners.

Shares of Uber Technologies plunged 9.85 percent, after the ride-hailing service firm reported a loss of profit for the third quarter and worse-than-expected trip totals, despite a quarterly revenue that beat market expectations.

On the economic front, economic activity in the non-manufacturing sector grew in October for the 117th consecutive month, the Institute for Supply Management (ISM) said in its Non-Manufacturing ISM Report On Business on Tuesday.

The ISM service index rose to 54.7 percent last month, up from 52.6 percent in September. Any reading above 50 indicates growth.

U.S. trade deficit fell to 52.5 billion U.S. dollars in September, down 2.6 billion from August, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis reported on Tuesday.

Both exports and imports in September came less than those of August. The September reading reflected a decrease in the goods deficit and a decrease in the services surplus, according to the authorities.
Add comments

Latest comments

Latest News
News Most Viewed