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U.S. Stocks Mixed As Tech-Heavy Shares Climb
 

U.S. stocks ended mixed on Tuesday as the Nasdaq Composite closed at new record, outperforming the rest of the market.

The Dow Jones Industrial Average decreased 13.71 points, or 0.06 percent, to 24,799.98. The S&P 500 rose 1.93 points, or 0.07 percent, to 2,748.80. The Nasdaq Composite Index increased 31.40 points, or 0.41 percent, to 7,637.86.

The Nasdaq made a new intraday record on Tuesday, mainly led by Netflix and Amazon. Shares of Amazon and Netflix rose 1.87 percent and 1.1 percent, respectively, at market closing.

The gains of the tech-heavy index came after a strong trading session on Monday when shares of Amazon and Apple advanced to a record high.

The rest major index struggled for gains on Tuesday as Wall Street concerned over tensions between the United States and some of its key trading partners.

Investors paid close attention to the G7 Summit in Canada to be held his week, where trade is expected to be a key issue.

On the economic front, the number of U.S. job openings was little changed at 6.7 million on the last business day of April, as compared with the previous month, the Labor Department reported Tuesday.

Meanwhile, the U.S. Institute of Supply Management (ISM) non-manufacturing index reached 58.6 in May, higher than the market consensus of 57.6. A reading above 50 indicates expansion in the service sector while a reading below 50 signals contraction.


(www.chinaview.cn 2018-06-06)
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