Wall Street. Major U.S. stock-indexes mixed
Major U.S. stock-indexes mixed. Gains in energy and bank stocks drove the Dow and the S&P 500 to record intraday highs on Wednesday, but losses in technology stocks dragged down the Nasdaq. OPEC agreed to cut production to 32,5 million barrels per day, Kuwait’s oil minister said. The cuts include Iraq reducing output by 200,000 bpd to 4,351 million beginning in January. Oil was up 7,8% to a near five-week high. U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike.
Most of Dow stocks in negative area (17 of 30). Top gainer – The Goldman Sachs Group, Inc. (GS, +3.51%). Top loser – Visa Inc. (V, -1.69%).
Most S&P sectors also in negative area. Top gainer – Basic Materials (+3.9%). Top loser – Utilities (-2.0%).
At the moment:
Dow 19179.00 +64.00 +0.33%
S&P 500 2205.50 +1.75 +0.08%
Nasdaq 100 4828.25 -46.75 -0.96%
Oil 49.15 +3.92 +8.67%
Gold 1175.40 -15.40 -1.29%
U.S. 10yr 2.39 +0.09