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HomeWorldDow dips 300 points, Nasdaq crosses 10,000 mark for first

Dow dips 300 points, Nasdaq crosses 10,000 mark for first

New York: US stocks ended mixed after volatile trading

On Tuesday, the Dow Jones Industrial Average fell 300.14 points, or 1.09 percent, to 27,272.30, snapping a 6-day winning streak. The S&P 500 was down 25.21 points, or 0.78 percent, to 3,207.18, Xinhua news agency reported.

The Nasdaq Composite Index rose 29.01 points, or 0.29 percent, to close at 9,953.75. The index rallied to a record high earlier in the session, briefly breaking above the 10,000 marks for the first time, fueled by strong gains in major tech shares.

Shares of US tech giants Netflix, Apple, Facebook, and Amazon all finished up more than 3 percent.

Nine of the 11 primary S&P 500 sectors ended lower, with energy and financials down 3.31 and 2.62 percent, respectively, leading the laggards. Communication services and technology, however, both climbed more than 0.4 percent.

Investors assessed economy reopening while awaiting a key statement on interest rates from the US Federal Reserve expected Wednesday afternoon.

 

 

SOURCE: IANS