S&P 500 dips as chip stocks and utilities tumble

The Dow Jones Industrial Average fell 0.26 percent to end at 26,492.21 points, and the S&P 500 lost 0.13 percent to 2,915.56.

The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.

The S&P 500 energy index added 0.57 percent as Brent oil hit a four-year high, boosted by imminent US sanctions on Iranian exports, and OPEC and Russia's reluctance to raise output.

The Nasdaq Composite rose 0.18 percent to 8,007.47. Amazon.com Inc provided the greatest lift to the technology-heavy index, jumping 2.08 percent.

The S&P 500 posted 31 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 65 new highs and 54 new lows.

Volume on US exchanges was 6.6 billion shares, just below the 6.7 billion average over the last 20 trading days.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 
Share:

1 comment:

Contact Form

Name

Email *

Message *

© 2018 CapitalBuilder.in All Rights Reserved |. Powered by Blogger.