US 3 Major Indices End Trading Day with Mixed Results

IconCryptoNewsTerminal Staff29 Aug, 2024

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US 3 Major Indices End Trading Day with Mixed Results

The three major US stock market indices closed with mixed results on a recent trading day. The Dow Jones Industrial Average (DJIA) managed to gain, while the S&P 500 and Nasdaq Composite both closed lower. The DJIA rose 0.59%, or 160 points, to close at 27,366.53. The S&P 500 fell 0.1%, or 3 points, to close at 3,350.49. The Nasdaq Composite declined 0.23%, or 23 points, to close at 9,985.35. The mixed performance among the indices reflects the uncertainty in the market as investors weigh the impact of the ongoing trade tensions between the US and China, as well as concerns over slowing global economic growth. The Dow's gain was attributed to strong earnings reports from some of its component companies, while the S&P 500's decline was led by losses in technology and healthcare stocks. The Nasdaq's fall was due to a combination of factors, including weakness in tech stocks and a decline in Apple shares.

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