Arab Today, arab today wall street ends mixed ahead of nonfarm payroll report
Last Updated : GMT 05:14:07
Arab Today, arab today
Arab Today, arab today

Wall Street ends mixed ahead of non-farm payroll report

Arab Today, arab today

Arab Today, arab today Wall Street ends mixed ahead of non-farm payroll report

New York - XINHUA

U.S. stocks ended in narrowly mixed territory Thursday, with the Dow Jones Industrial Average retreating slightly from a record close the prior day, as investors grew cautious ahead of the country's closely-watched non- farm report for April. The Dow fell 21.97 points, or 0.13 percent, to 16,558.87. The broader S&P 500 inched down 0.27 point, or 0.01 percent, to 1,883. 68. The Nasdaq Composite Index rallied 12.90 points, or 0.31 percent, to 4,127.45. The market staged a volatile trading session before closing little changed, as investors were looking ahead to the non-farm payroll report due out Friday by the Labor Department after U.S. gross domestic product in the first quarter missed market expectations Wednesday. On the previous trading day, private payroll processor ADP reported that U.S. private sectors added 220,000 jobs in April, the strongest gain in five months, pushing the blue-chip Dow toward its record intraday high of 16,631.63 points set on April 4. The tech-rich Nasdaq, which had underperformed another two indices amid tech-bubble worries, managed to hold small gains amid continuing selling pressure. For April, the tech-rich Nasdaq shed 2.0 percent, while the blue-chip Dow and the broader S&P 500 advanced 0.7 percent and 0.6 percent, respectively. Economic data came out mixed in the day, providing not many upward jolts for the market. The number of Americans who initially applied for jobless benefits in the week ending April 26 increased 14,000 to a seasonally adjusted 344,000, the highest level since February, the Labor Department said before the opening bell. Meanwhile, U.S. personal income increased 0.5 percent in March, the strongest gain since last August. While personal consumption expenditures surged 0.9 percent, the fastest pace in more than four and a half years, according to the Commerce Department. In a separate report, the department announced that U.S. construction spending for March advanced 0.2 percent compared with February, but still fell short of market consensus. Meanwhile, the April U.S. Purchasing Managers'Index registered 54.9, up from March's reading of 53.7, indicating expansion in manufacturing for the 11th consecutive month, according to the Institute for Supply Management. The number also exceeded analyst estimates. On the earnings side, a pair of energy giants, Exxon Mobil Corp. and ConocoPhilips, released quarterly results. Exxon Mobil reported lower profit for the first quarter but still beat market forecasts, while ConocoPhillips reported flat first-quarter earnings. The Exxon Mobil's shares lost 0.98 percent to 101.41 dollars apiece while the latter's shares rose 0.97 percent to 75. 03 dollars apiece. So far, 70 percent of the S&P 500 companies, or the 351 companies, have released first-quarter earnings reports, among which 68.1 percent topped analyst expectations on earnings, and 52. 2 percent surpassed market consensus on revenues, according to Thomson Reuters I/B/E/S. The CBOE Volatility Index, widely considered the best gauge of fear in the market, dropped 1.19 percent to end at 13.25 Thursday. In other markets, oil prices declined Thursday on concerns over slowing China's economic growth and the prospect of increasing supply from Libya. Light, sweet crude for June delivery fell 0.32 dollars to settle at 99.42 dollars a barrel on the New York Mercantile Exchange. Gold futures on the COMEX division of the New York Mercantile Exchange logged a four-day losing streak Thursday, with the most active gold contract for June delivery down 12.5 dollar to settle at 1,283.4 dollars per ounce. The U.S. dollar rose Thursday against most major currencies amid a string of mixed U.S. economic data as investors still awaited the non-farm payroll report for April. In late New York trading, the euro dropped to 1.3865 dollars from 1.3872 dollars of the previous session, and the dollar bought 102.30 Japanese yen, higher than 102.11 yen in the previous session.

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 wall street ends mixed ahead of nonfarm payroll report Arab Today, arab today wall street ends mixed ahead of nonfarm payroll report

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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