Wall Street Index Close Mixed Due Trump Politic

Equity World - US stocks closed mixed at the end of trading on Thursday morning (09/02), after the financial sector led the declines, offset by a rebound in crude oil prices.

Dow Jones industrial average fell about 35 points, with shares of Goldman Sachs contributed the most in the loss. Shares of Apple, another Dow issuers, closed near an all time high. The index has fallen about 75 points at session lows.

The S & P 500 ended just above breakeven, with superior real estate and financial sector fell 0.75 percent.

Equity World | The Nasdaq composite index closed 0.15 percent higher at a record.

Hitting the financial sector as bank shares, the SPDR S & P Bank ETF (KBE) and the Regional Banking ETF (KRE) down about 1 percent, posted a three-day losing streak. Shares of the bank has several times become the best player since the election of President Donald Trump, as market participants bet on corporate tax cuts, deregulation and government spending.

But recently, the equity has largely been trading in a tight range, as market participants look for more details about the Trump policy.

Metals futures all rose more than 1 percent for the week. Gold futures for April delivery rose $ 3.40 to settle at $ 1,239.50 per ounce.

No major economic data Wednesday, but investors remained tight watch on the income statement.

Allergan, GlaxoSmithKline, Time Warner and Alaska Air is one of the major companies that reported earnings before the opening. Whole Foods, CenturyLink, Fiserv and Prudential Financial all reported after the market closed.

Issuers Dow Walt Disney posted quarterly results Tuesday after the closing mix, as earnings per share exceeded analyst expectations while sales fell short.

On Wednesday morning, 64 percent of companies in the S & P 500 has posted quarterly results, with 69 percent of firms increased in estimated revenue, while 52 percent have beaten sales expectations, according to data from The Earning Scout.

The US dollar weakened against a basket of currencies, with the euro near $ 1.068 and approximately 112 yen.

US Treasurys held higher after an auction of $ 23000000000 10-year bonds, which saw weak demand, with the yield on 10-year bonds fell to 2.364 percent and the yield on two-year short-term bonds hold near 1,161 percent.

The Dow Jones fell 35.95 points, or 0.18 percent, to close at 20,054.34, the highest drop in JPMorgan Chase and Nike shares rose the most.

The S & P 500 rose 1.59 points, or 0.07 percent, to end at 2,294.67, with utilities and real estate sector leading seven higher and financial sectors lagged.

The Nasdaq index rose 8.24 points, or 0.15 percent, to close at 5,682.45.

Analyst Vibiz Research Center estimates that Wall Street will further examine earnings reports, crude oil prices and government policies sentiment Trump.
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