Wall Street close: Mixed outcome on lack of impetus

As Wall Street tuned into the opening arguments from Schiff, House impeachment manager, US benchmarks were steadier on Wednesday. The news that the Ch  |  22/01/2020 21:41
  • The Nasdaq Composite Index added 12.96 points or 0.14% at 9,383.77.
  • S&P 500 index SPX ended higher with adding 0.96 points.
  • DJIA, only dropped 9.77 points, or 0.03%.

As Wall Street tuned into the opening arguments from Schiff, House impeachment manager, US benchmarks were steadier on Wednesday. The news that the Chinese authorities are taking all measures to contain a possible coronavirus pandemic helped lift spirits in Asia, European markets and reinforced the bullish US earnings from the technology sector.

Benchmark performances

Subsequently, a mixed picture on Wall Street had the Dow Jones Industrial Average, DJIA, only dropped 9.77 points, or 0.03%, to 29,186.27 while the S&P 500 index SPX ended higher with adding 0.96 points or 0.03% at 3,321.75. The Nasdaq Composite Index added 12.96 points or 0.14% at 9,383.77.

As for China’s National Health Commission, it confirmed more than 17 fatalities as well as 500 cases of the deadly coronavirus, which causes pneumonia. However, Officials at the World Health Organization said the emergency committee is split on whether to declare the new coronavirus a public health emergency of international concern or not as China takes appropriate measures to prevent a full-on pandemic. Instead, traders focussed on positive earnings while keeping an ear to the ground on the Trump impeachment trial – more on that here

DJIA levels

 

 

 

 

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for Market Insight viewers

Back

Login to Market Insight Account

Your Market Insight account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

Create a Market Insight's Account

Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to Market Insight family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@marketinsight.com