(MENAFN– ecpulse)
Wall Street closed in mixed territories ending the gauge higher for a second day, as a rebound in oil offset concerns over escalating geopolitical tension and the timing of possible interest-rate increases.
Accordingly indices came as following:
-The Dow Jones Industrial Average shed by 0.12% to 17049.00.
-The S&P 500 Index gained by 1.76% to 1997.45
-The NASDAQ Composite inclined by 0.12% to 4591.81. As of 16:16 p.m. ET
Jobless claims rose by 11,000 to 315,000 in the latest week, more than the 300,000 claims expected by economists polled by Bloomberg. The period included the Labor Day holiday, which could have distorted the level of claims.
Both the Dow and the S&P 500 have paused this month, declining 0.2% and 0.4%, respectively, through Wednesday`s close. The lack of major economic data this week has turned the spotlight on next week`s Federal Reserve meeting, where officials could provide more clarity on the timing and pace of interest-rate increases.
The benchmark 10-year Treasury yield fell Thursday, snapping a five-session streak of gains. The 10-year yield fell to 2.515%. Treasury yields rise as prices fall.
U.S. President Barack Obama on Wednesday introduced a plan to fight the militant group Islamic State, authorizing airstrikes in Syria and broadening a bombing campaign in Iraq.
In corporate news, Twitter Inc. announced its first sale of debt to support its growing business. The company aims to raise as much as $1.5 billion. Shares were down 0.45%.
Lululemon Athletica reported better-than-estimated second quarter results. The yoga-gear maker also increased its full-year profit guidance. Shares were up 17.23%.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.