SME Times is powered by   
Search News
Just in:   • No plans to revise fiscal deficit target, cut spending: FM  • Trump admits discussing political rival with Ukraine's president  • Corp tax cut to help top 1,000 firms save Rs 37K cr: Crisil  • Hats off to Sitharaman for tax cut: Mazumdar-Shaw  • Tax sops to boost India's IT competitiveness: Nasscom 
Last updated: 12 Jun, 2019  

US Flag THMB US stocks close lower

US Flag
   Top Stories
» Export key to become $5-tn economy: Niti official
» Corp tax cut to push investment flow to exports: FIEO
» Industry hails govt's Rs 1.45L cr stimulus
» Corp tax cut raises fiscal risks, warns Moody's
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza
IANS | 12 Jun, 2019
US equities erased their earlier gains and closed slightly lower as Wall Street digested a slew of economic data.

The Dow Jones Industrial Average fell 14.17 points, or 0.05 per cent, to 26,048.51 on Tuesday. The S&P 500 was down 1.01 points, or 0.03 per cent, to 2,885.72. The Nasdaq Composite Index decreased 0.60 point, or 0.01 per cent, to 7,822.57, Xinhua reported.

Of the 11 primary S&P 500 sectors, industrials and utilities struggled while consumer discretionary and communication services outperformed.

Shares of the US aircraft manufacturing giant United Technologies Corporation declined 3.96 per cent at the close, the worst-performer in the Dow.

Meanwhile, shares of both Caterpillar and Cisco Systems climbed 1.22 per cent, leading the gainers in the 30-stock index.

On the economic front, the seasonally adjusted producer price index for final demand edged up 0.1 per cent in May, the U.S. Bureau of Labor Statistics reported Tuesday. Final demand prices advanced 0.2 per cent in April and 0.6 per cent in March.

US small business optimism rose 1.5 points to 105.0 in May, the National Federation of Independent Business said Tuesday. Economists surveyed by Econoday had forecast a 102.0 reading.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Sep, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza(1)
» L&T secures Rs.3.44 billion project from Power Grid(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter