US equities turn lower for the week

The US stocks ended on a mixed note in last session but firm economic cues kept overall sentiments steady. The Nasdaq Composite climbed 1.1 per cent as investors returned to AI-related and chip stocks after the recent sell-off, while the S&P 500 gained 0.3 per cent. Dow Jones Industrial Average fell half a per cent. All three major indices posted losses for the week. The Nasdaq lost 3.4 per cent, the S&P 500 dropped 2.7 per cent and the Dow slipped 0.9 per cent. On the economic front, the US labour market strengthened in October. Nonfarm payrolls rose by 1 lakh 65 thousand, while the unemployment rate fell marginally to 4.1 per cent from 4.2 per cent in September, according to the data released by the US Bureau of Labour Statistics.

Powered by Capital Market - Live News