US stocks closed today’s trading on the New York Stock Exchange mixed. The shares of technology companies were particularly successful, with the Nasdaq Composite index rising 1.24 percent to 19,864.98 points. The broader S&P 500 index added 0.55 percent to 5,975.38 points. However, the Dow Jones index, which includes shares of thirty leading US companies, was down 0.06 percent to 42,706.56 points.
Technology stocks rose, dollar weakened in foreign exchange markets
Among the stock titles represented in the S&P 500 index, about as many fell as rose, the AP noted. The clear leaders today were technology companies. Shares of chipmaker Nvidia rose 3.43 percent. Alphabet Group securities added 2.5 percent.
The U.S. dollar weakened in foreign exchange markets today. The dollar index, which tracks the dollar’s performance against a basket of six leading world currencies, was down 0.63 percent at 108.263 points around 9:40 p.m. EDT.
Foreign exchange market reacted to speculation about tariffs
Traders in the foreign exchange market reacted continuously to conflicting reports aside from the extent of upcoming tariffs by U.S. President-elect Donald Trump, who takes office on January 20, according to Reuters. According to a report by The Washington Post, Trump’s associates are examining plans to impose tariffs that could be more moderate than campaign promises. Trump, however, later today denied the newspaper’s speculation.
Against the Japanese yen, the dollar was gaining 0.21 percent to JPY157.6 around 10 p.m. The euro was firming 0.76 percent to USD1.0387 against the U.S. currency at the same time. Against the yen, the common European currency then appreciated 0.94 percent to JPY 167.69.
Source: ČTK
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