Nasdaq logs best streak since October as broader market closes lower

U.S. stocks closed mostly lower Thursday as weak energy and industrial shares weighed on the market, but the Nasdaq bucked the trend to rise for an eighth straight session, logging its best winning streak since October.

Closing numbers for key benchmarks, however, do not tell the full story, with the S&P 500 having spent most of the day in positive territory and then retreating toward the closing bell along with the Nasdaq, trimming its gains as the tech sector turned weak.

The Dow Jones Industrial Average fell 74.52 points, 0.3%, to 25,509.23, while the S&P 500 shed 4.12 points, or 0.1%, to 2,853.58. The Nasdaq Composite Index edged up 3.46 points to 7,891.78.

For the week, the Dow is set to gain 0.2%, the S&P 500 is on pace to advance 0.5% and the Nasdaq is on track for a weekly return of 1%.

Trading in recent sessions has mostly been a tug of war between concerns about the continuing trade dispute between the U.S. and China and positive sentiment over strong corporate earnings against a healthy economic backdrop.

Source: Marketwatch

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S&P 500 Poised to Rise Near Records as Wall Street Joins Global Market Climb

U.S. stock-benchmark futures climbed Tuesday, with Wall Street poised to join a global equity rally, as investors focused on positive earnings results and away from persistent tariff clashes between Washington and Beijing.

Dow Jones Industrial Average futures rose 93 points, or 0.4%, to 25,544, while S&P 500 futures rose 6.40 points, or 0.2%, to 2,856.50. Nasdaq-100 futures gained 22.75 points, or 0.3%, to 7,465.50.

On Monday, the S&P 500 index rose 10.05 points, or 0.4%, to 2,850.40, closing 0.78% off its record close of 2,872.87 reached on January 26. The Nasdaq Composite Index gained 0.6%, while the Dow saw a more modest gain of 0.2%.

Meanwhile, the Cboe Volatility Index known as Wall Street’s fear index, was hovering near its lowest levels of 2018. The gauge, which reflects bullish and bearish bets on the S&P 500 in the coming 30 days tends to fall as stocks rise.

Source : Market Watch

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U.S. Stocks Close Mostly Higher as Apple Hits $1 Trillion Market Cap

U.S. stocks closed mostly higher Thursday on the back of strong technology shares as Apple Inc. became the first U.S. company to hit a $ 1 trillion market capitalization.

Apple’s milestone comes on the heels of strong quarterly earnings and an upbeat outlook issued earlier in the week. However, trade-related concerns as President Donald Trump pursues his hard-line trade policies capped the upside. The S&P 500 rose 13 points, or 0.5%, to 2,827 and the Nasdaq Composite Index added 95 points, or 1.2%, to 7,802. The Dow Jones Industrial Average slipped 7 points to 25,326.

Source : Marketwatch

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