NEW YORK (AFP) – US stock markets were mixed mixed on Friday (WIB Saturday morning) with real estate and utility shares more and more, while reducing limited earnings in the market in costume stocks.
Dow Jones Industrial Average rose 123.95 points, or 0.49 per cent, to end 25,413.22 points. The S & P index raised 500 6.07 points, or 0.22 percent, to close at 2,736, .27 points. Nasdaq Comprehensive Index rejected 11.16 points, or 0.15 percent, to expire 7,247.87 points.
The Dow and S & P 500 succeeded in reversing initial losses. Seven of the main sectors of S & P 500 were trading higher, with real estate and utilities rising 1.36 percent and 1.31 percent respectively, leading earnings.
The shares of Nvidia rejected 18.76 per cent and closed 164.43 dollars per share after sales and prospects for the chipmaker fell far from Wall Street estimates.
The other US chipmaker stocks also rejected. Micro Micro Advanced and Micron Devices, all fell around 3.9 percent and 1.2 percent. The decline in slipper makers and the lower technology sector.
In terms of the economic boundary, US industrial production produced 0.1 per cent in October, as manufacturing increased more than other sectors, according to data released by the Federal Reserve on Friday ( 11/16). This number lost market estimates.
In October, data showed that manufacturing output rose by 0.3 per cent for the fifth fifth consecutive increase, while the mining and utility index dropped 0.3 per cent and 0.5 per cent respectively. The report was therefore quoted by Xinhua.
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