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US stocks end mixed; S&P dips

IANS  |  New York 

US stocks closed mixed as investors digested the latest economic data.

The 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 fell 12.49 points, or 0.16 percent, to 7,630.91, 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 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 The 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 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 had a fatal crash. In October, a plane crashed into the sea off the Indonesian capital of Jakarta, killing all 189 people onboard.

Shares of declined a little more than 1 percent to close at USD 373.30 apiece on Thursday.

--IANS

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

First Published: Fri, March 15 2019. 06:02 IST
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