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.
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Sumber : bpfnews.com