Wall Street Closing
New York, U.S. stocks were mostly lower yesterday following a record-setting session, as traders worried about rising the novel coronavirus cases and searched for clues on additional U.S. fiscal stimulus.
Gold rose sharply to a one-week high, supported by expectations of fresh U.S. stimulus. Futures climbed 1.4 percent to $1,866 an ounce on the New York Mercantile Exchange.
Oil prices fell as the positive impact from Covid-19 vaccine news and an OPEC+ deal on oil production cuts was undermined by surging virus cases. West Texas Intermediate (WTI) crude futures lost 50 cents, or 1.1 percent, to $45.76 a barrel.
The Dow Jones industrial average fell 148.47, or 0.5 percent, to 30,069.79. Twenty-four of the index’s 30 components declined, led by Intel and Dow Inc., which dropped 3.4 and 3.3 percent, respectively. Chevron lost 2.7 percent. Boeing led gainers, advancing 2.35 percent.
The broader Standard & Poor’s 500 index fell 7.16, or 0.2 percent, to 3,691.96. Energy was the worst-performing sector, dropping more than 2.5 percent.
The technology-heavy Nasdaq composite index rose 55.71, or 0.45 percent, to 12,519.95. Tesla jumped 7.1 percent to a record high. Netflix surged 3.5 percent, Facebook climbed 2.1 percent, and Apple advanced 1.2 percent. Amazon declined 0.1 percent, and Google-parent Alphabet lost 0.4 percent.
Source: Saudi Press Agency