Last Update: April 25, 2023, 03:21 AM IST
The broad-based S&P 500 rose 0.1 percent to 4,137.04, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 12,037.20.
The Dow Jones Industrial Average closed up 0.2 percent at 33,875.40.
Wall Street stocks were mixed at the end of a choppy session on Monday, ahead of closely watched corporate earnings and economic data in the coming days.
After much of last week’s trading, investors are gearing up for a week that could prove more dynamic with key economic data releases as well as earnings reports from tech giants like Amazon and Google parent Alphabet.
The Dow Jones Industrial Average closed up 0.2 percent at 33,875.40.
The broad-based S&P 500 rose 0.1 percent to 4,137.04, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 12,037.20.
Edward Moya of OANDA trading platform said big tech companies have outperformed the broader market so far in 2023 on expectations of an easing of Federal Reserve interest rate policy.
“We need to cut rates by a few hundred basis points for this uptrend to continue, which may not necessarily happen if the Fed chooses inflation over financial stability next year,” Moya said.
Among individual companies, Fox Corporation shares fell 3.0 percent after Fox News confirmed that top-rated commentator Tucker Carlson had left the network after the outlet took a substantial settlement to end a defamation case.
Carlson was the best-known personality on Fox’s presenting roster, hosting a prime-time evening show that resonated with a substantial number of the broadcaster’s right-wing viewers.
Getty Images soared 31 percent after an announcement by Trillium Capital that it has offered about $4 billion to acquire the photo and content library.
In addition to corporate earnings, this week’s schedule also includes consumer confidence and personal income data as well as an advance estimate of US economic growth for the first quarter.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
