LONDON:US stocks closed little changed on Tuesday as data showing the economy expanded more than earlier predict in the third quarter was equalize by a decline in customer confidence.
The Dow Jones industrial average declined three points, or 0.02%, to 17,815, the S&P 500 lost two points, or 0.12%, to 2,067 and the Nasdaq Composite added three points, or 0.07%, to 4,758.
Third-quarter gross domestic product came in much stronger than expected but separate data showing consumer confidence sliding to a five-month low and a further moderation in house price gains put a cap on the market’s advance.
Gross domestic product rose at a 3.9% annualised rate, up from an initial estimate of 3.5%, Commerce Department figures showed.
Energy shares were the weakest performers. US crude futures fell 2.5% to near their lowest in more than four years ahead of an OPEC meeting on Thursday where a cut in production will likely be discussed. Exxon Mobil fell 1%, while Chevron was off 1.2%.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
