US stocks close mixed amid trade concerns, data

IANS  |  New York 

US stocks ended mixed as investors kept a close eye on the latest development of trade tensions between the US and its key trading partners while digesting a batch of economic data.

The on Monday fell 181.45 points, or 0.68 per cent, to 26,562.05. The was down 10.30 points, or 0.35 per cent, to 2,919.37, reported.

The rose 6.29 points, or 0.08 per cent, to 7,993.25.

Shares of and Boeing, companies with high overseas revenue exposure, both declined more than 1 per cent, at the close.

and were among the best performers in the Dow. Shares of the companies advanced 1.68 per cent and 1.44 per cent, respectively.

Seven of the 11 primary sectors traded lower, with and consumer staples leading the losers. Tech sector closed more than 0.3 per cent higher, underpinning the Nasdaq.

Market sentiment was dented by concerns that an escalation of trade frictions between and its key trading partners may have negative impact on the global economy, noted experts.

On economic data, the National Activity (CFNAI) was unchanged at +0.18 in August from July rate, the announced on Monday.

The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. A positive reading corresponds to growth above trend and a negative index reading indicates growth below trend.

--IANS

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First Published: Tue, September 25 2018. 06:44 IST