U.S. equity markets closed mixed on Tuesday, as major tech stocks lost and companies that rely on consumer spending advanced.
The S&P 500 and the Dow Jones Industrial Average rose, while the tech-rich Nasdaq fell.
Although US President Joe Biden has ordered 50 million barrels of oil from the country’s strategic reserve to help lower energy costs, wholesale crude oil and gasoline prices have risen. This decision was made in concert with other major oil-consuming nations.
The S&P 500 gained 7.76 points, or 0.2%, to 4,690.70.
The Dow Jones Industrial Average rose 194.55 points, or 0.5%, to 35,813.80.
The Nasdaq lost 79.62 points, or 0.5%, to 15,775.14.
The Russell 2000 Small Business Index fell 3.49 points, or 0.1%, to 2,327.86.
For the week:
The S&P 500 is down 7.26 points, or 0.2%.
The Dow Jones is up 211.82 points, or 0.6%.
The Nasdaq is down 282.30 points, or 1.8%.
The Russell 2000 is down 15.31 points, or 0.7%.
For the year:
The S&P 500 is up 934.63 points, or 24.9%.
The Dow Jones is up 5,207.32 points, or 17%.
The Nasdaq is up 2,886.86 points, or 22.4%.
The Russell 2000 is up 353 points, or 17.9%.
-With input from the agency
(Edited by : Bivekananda Biswas)
First publication: STI