Wall Street ends higher; crude slips nearly 2%
In the US markets, the Dow and S&P 500 had a lackluster as the indices wavered near key technical levels, but the Nasdaq managed to score a solid gain.
January 28, 2011 / 08:51 IST
In the US markets, the Dow and S&P 500 had a lackluster as the indices wavered near key technical levels, but the Nasdaq managed to score a solid gain.
Dow Jones Industrial Average was up 0.04% or 4.39 points at 11989.83. Nasdaq Composite added 0.58% or 15.78 points at 2755.28. Standard & Poor's 500 rose 0.22% or 2.91 points at 1299.54.In economic data, the pending home sales index surpassed expectations and rose 2% in December to settle at 93.7. Jobless claims surged from 51,000 to 454,000 as was reported by the labour department. Durable goods fell 2.5% below analysts' expectations, as reported by the commerce department.The dollar traded near a 2-week high against the yen fuelled by reports that showed that economic growth had accelerated and consumer spending had risen.Oil prices slipped nearly 2% on talks of OPEC raising output to cool prices and a rise in US jobless claims. In the base metal space copper rose the most in two weeks on speculation that low US borrowing costs will buoy demand for industrial metals. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
