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US stocks close lower
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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.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 10 Jul, 2020 |
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