Equities end flat but Dow ekes out record


The S&P 500 lost 10.27 points, or 0.18%, to end at 5,703.37 points, while the Nasdaq lost 65.66 points, or 0.36%, to 17,948.32. The Dow rose 37.62 points, or 0.09%, to 42,062.81.

NEW YORK: US stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fuelled by an upsized interest-rate cut by the Federal Reserve, while Nike's gains helped nudge the Dow to a record.

After notching their biggest daily percentage gains since mid-August, major averages were subdued for most of the session, but managed to secure weekly gains of at least 1%.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Wall St Week Ahead: Investor focus turns to data, election, earnings
Oil ends week higher as investors weigh Fed rate cut
Make private sector bonuses tax-free, please
Mida inks research collaboration deal with MIER
The stars are aligned
Charging forward on energy storage
Upping wages via upskilling
TNB inks cross border power deal
Outsourcing public projects for a win-win solution
Room for growth in travel and hospitality

Others Also Read