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US stocks end mixed, all eyes on US-China trade talks

IANS  |  New York 

US stocks traded mixed, as market sentiments were mixed due to rising hopes on global trade and concerns over bipartisan talks to avert another shutdown.

The slid 53.22 points, or 0.21 percent, to 25,053.11 on Monday. The S&P 500 was up 1.92 points, or 0.07 percent, to 2,709.80. The Index rose 9.71 points, or 0.13 percent, to 7,307.90, reported.

Shares of US were on the rise throughout the day, amid growing hopes on the improvement of overall global trade environment.

Eight of S&P sectors extended gains after market close, with the industrials sector up 0.55 percent after the closing bell, leading the winners.

However, shares of fell almost 1 percent around the closing bell, after shipments slumped 19.9 percent during the fourth quarter in China, according to a study by US market research company on Monday.

More than a dozen of blue chips in the Dow extended losses on Monday, sinking the composite Dow index down into a red territory.

Among them, shares of and slumped nearly 1.9 percent and over 1.8 percent respectively, leading the laggards.

Investors were closely watching a bipartisan meeting on Monday afternoon among key US lawmakers to search for clues on the direction toward which US economy is moving.

The move is meant to avoid another partial government shutdown by the deadline that US previously set on Feb 15.

The meeting was scheduled after talks on border security funding failed between Democrats and Republicans on Sunday, due to a divergence on immigration enforcement rules.

--IANS

vin/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 05:46 IST
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