Wall Street ends on a mixed note; Nasdaq Composite slips 1.4%

India Infoline News Service | Mumbai | December 02, 2016 08:48 IST

The Dow Jones Industrial Average index gained 0.36% to 19,191.93 almost 40 points above than the previous record set November 25. But the Nasdaq Composite slipped 1.4% to 5,251.11, and the broad-based S&P 500 shed 0.4% to 2,191.08.

Nasdaq
Wall Street closed mixed with Dow hitting a new high and Nasdaq falling due to deep cuts in semiconductor and biotechnology shares.Uncertainty in EMs is likely to continue in the near term given the possible Fed rate hike anticipated this month. 

The Dow Jones Industrial Average index gained 0.36% to 19,191.93 almost 40 points above than the previous record set November 25. But the Nasdaq Composite slipped 1.4% to 5,251.11, and the broad-based S&P 500 shed 0.4% to 2,191.08.

The dollar sagged against its peers early on Friday as investors were cautious ahead of a looming US jobs report that could set the tone in coming days.

US crude, which climbed 13% on Wednesday and Thursday combined, extended the gains to Friday, climbing 0.2% to USD51.17. It is on track for an increase of 11.1% this week. 
 

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