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Home International Markets

U.S. stocks close mostly higher

byCT Report
22/08/2017
in International Markets
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WASHINGTON: U.S. stock-market indexes closed mostly higher on Monday, with the Dow industrials taking back some ground after the worst two-day drop in nearly a year. The Dow Jones Industrial Average DJIA, +0.13% switched between small gains and losses, ending the session 29.24 points, 0.1%, higher at 21,703.75, helped by a rally in shares of Home Depot Inc. HD, +1.16% ,which rose 1.2%. The S&P 500 SPX, +0.12% closed 2.82 points, or 0.1%, higher at 2,428.37 amid light trading volume.

Analysts said the tepid moves on Wall Street were due to geopolitical tensions and ongoing political turmoil in Washington. The Nasdaq Composite index COMP, -0.05% closed 3.4 points, or less than 0.1% lower, at 6,213.13. Among the worst performers on Wall Street, Foot Locker Inc. FL, -7.45% fell more than 7%, adding to a 28% slide on Friday. The company has lost nearly 40% of its value since the start of the year.

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