The S&P 500 edged higher to a new record Friday in choppy trade following disappointing reports on US industrial production and consumer confidence.
The S&P 500 rose 1.63 points (0.08) to 2,122.73, notching its second straight record close.
The Dow Jones Industrial added 20.32 (0.11 percent) at 18,272.56, while the tech-rich Nasdaq Composite Index dipped 2.50 (0.05 percent) to 5,048.29.
"There's not a lot of movement, especially considering most of the economic data we got this morning was a bit disappointing," said Art Hogan, chief market strategist at Wunderlich Securities.
US industrial production fell 0.3 percent in April, the fifth straight month of decline, according to Federal Reserve data.
The University of Michigan's US consumer sentiment index plummeted to 88.6 in May from 95.9 in April.
Offsetting these data were the pullback in the US dollar and US Treasury yields, Hogan said.
Netflix rose 4.5 percent following reports it is in talks with a Chinese partner backed by Alibaba founder Jack Ma to launch online video services in China.
Keurig Green Mountain sank 8.6 percent after announcing details of its upcoming "Keurig Kold" appliance, which makes sodas at home. Analysts expressed concern at the high price of the device, which initially will be sold for $299-$369, according to Morgan Stanley.
Package-delivery service UPS rose 1.5 percent as Goldman Sachs upgraded the stock, saying it expects the package-delivery service to successfully implement price increases in the next couple of years.
Car-rental companies rose on news Hertz plans a broad price increase at US rental locations starting next month due to strong seasonal demand and lower car capacity. Hertz shares rose 5.3 percent, while Avis Budget shot up 10.2 percent.
Bond prices rose. The yield on the 10-year US Treasury tumbled to 2.14 percent from 2.24 percent Thursday, while the 30-year dropped to 2.94 percent from 3.06 percent. Bond prices and yields move inversely.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor