Arab Today, arab today us stocks dip after mixed economic data
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

US stocks dip after mixed economic data

Arab Today, arab today

Arab Today, arab today US stocks dip after mixed economic data

New York - AFP

US stocks Wednesday ended modestly lower following mixed jobs and services sector data and as investors looked ahead to Friday's US labor market report. The Dow Jones Industrial Average slipped 5.01 points (0.03 percent) to finish at 15,440.23. The broad-based S&P 500 dipped 3.56 (0.20 percent) to 1,751.64, while the tech-rich Nasdaq Composite Index fell 19.97 (0.50 percent) to 4,011.55. The US private sector added 175,000 jobs in January, according to payrolls firm ADP, slightly below the 178,000 estimated by analysts. But the Institute for Supply Management's index of services sector activity rose a full percentage point to 54.0 in January, slightly above the 53.8 level expected by analysts. Analysts do not expect significant market swings ahead of the Labor Department report on January job growth and unemployment on Friday. "Overall the economy is improving, but we've got to see some statistics that confirm that," said Bill Lynch, director of investments at Hinsdale Associates. A number of gaming stocks fell due to a report of disappointing January gambling revenues in China's casino mecca Macau. Wynn Resorts dipped 1.9 percent, Las Vegas Sands lost 1.4 percent and MGM Resorts declined 2.2 percent. Drugstore chain CVS Caremark's announcement that it was phasing out the sale of cigarettes and other tobacco products did not wow investors. Shares fell 1.0 percent following the CVS statement, which was hailed by President Barack Obama. Google rose 0.4 percent after settling rivals' complaints to European Union antitrust officials that they were unfairly excluded from its search results. Google agreed to display links to the services of three rivals in its own search results. 3M joined the growing list of companies announcing large share buybacks. The Dow component's decision to authorize a new $12 billion program sent shares 0.5 percent higher. Fashion retailer Ralph Lauren lost 3.6 percent after revenues of $2.0 billion slightly underperformed estimates of $2.03 billion. The company said the board had approved an additional $500 million in stock repurchases. 3D Systems, a 3D printing company, plummeted 15.4 percent due to a profit warning. 3D slashed its fourth-quarter forecast to 83-87 cents per share from 93 cents-$1.03 per share. Bond prices fell. The yield on the 10-year US Treasury rose to 2.67 percent from 2.62 percent, while the 30-year increased to 3.65 percent from 3.59 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dip after mixed economic data Arab Today, arab today us stocks dip after mixed economic data

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dip after mixed economic data Arab Today, arab today us stocks dip after mixed economic data

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday