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US stocks end mixed; S&P dips
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IANS | 15 Mar, 2019
US stocks closed mixed as investors digested the latest economic data.
The
Dow Jones Industrial Average increased 7.05 points, or 0.03 percent, to
25,709.94 on Thursday. The S&P 500 was down 2.44 points, or 0.09
percent, to 2,808.48. The Nasdaq Composite Index fell 12.49 points, or
0.16 percent, to 7,630.91, Xinhua reported.
The number of Americans filing applications for unemployment benefits increased more than expected last week.
In
the week ending March 9, the advance figure for seasonally adjusted
initial claims was 229,000, an increase of 6,000 from the previous
week's unrevised level of 223,000, according to the US Labor Department
on Thursday.
The four-week moving average was 223,750, a decrease
of 2,500 from the previous week's unrevised average of 226,250, said
the department.
Sales of new homes plunged 6.9 percent to reach a
seasonally adjusted annual rate of 607,000 in January, indicating that
buyers might have paused purchasing houses during the government
shutdown.
The median sales price of new houses sold in January 2019 was USD 317,200. The average sales price was USD 373,100.
Meanwhile,
investors continued to monitor the performance of Dow component Boeing.
The aircraft manufacturer's stock has been under pressure this week
amid worries over the safety of the 737 MAX airplane, one of its most
popular models.
On Sunday, a Boeing 737 Max 8, bound for Nairobi,
Kenya, crashed shortly after taking off from the Ethiopian capital
Addis Ababa, killing all 157 people onboard.
It was the second
time in half a year that Boeing's best-selling aircraft had a fatal
crash. In October, a Lion Air plane crashed into the sea off the
Indonesian capital of Jakarta, killing all 189 people onboard.
Shares of Boeing declined a little more than 1 percent to close at USD 373.30 apiece on Thursday.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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