Wall Street mixed amid falling oil and positive earnings
The major equity indexes in the U.S. had an up-and-down session on Thursday as the falling crude oil prices continued to hurt the energy sector while the strong earning reports were cheered by the investors.
Fueled by the positive earning reports from PayPal, Comcast, Under Armour, and Intuit, the heavy-tech Nasdaq Composite Index gained 21.71 points (+0.4%) to close at a record high on Thursday. On the other hand, The S&P 500 energy sector .SPNY lost 1.1%. as the barrel of WTI fell below $49 for the first time since late March following the reports of Libya reopening its biggest field.
The Dow Jones Industrial Average gained 6.24 points, or 0.03%, to 20,982.15, after recovering early losses the S&P 500 rose 1.41 points, or 0.06%, to 2,385.75.
Headlines from the U.S. session
- Central Banks disappoint, ECB and Riksbank - Nomura
- US Dollar Index finds resistance again at 99.15/20
- US Pending Home Sales: Despite March’s decline, index remains at a solid level - Wells Fargo
- Canada PM Trudeau told Trump that NAFTA withdrawal would cause job losses - Reuters
- U.S. House Speaker Ryan: No decision on healthcare vote - Reuters
- ECB meeting: Superfluous - ING
- WTI sinks to lows in the mid-$48.00s
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
