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Tue, 28th February 2017

Anirudh Sethi Report

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Overnight US Market :Dow closed -32 points. Nasdaq hits new high

Stocks ended mixed Tuesday as the Nasdaq rose for a sixth straight day to a new all-time high.

The Dow Jones industrial average, down 0.2%, slipped 32 points further from the never-reached 20,000 milestone, settling at 19,855.53.

Climbing 0.4% was the Nasdaq composite, up 20 points to its new closing high of 5551.82.

Interestingly enough, in the manner of a tossed coin landing on its edge, the S&P 500 finished exactly flat.

Oil prices gave up early gains and turned lower as U.S. benchmark crude dropped 1.4% to $51.30 a barrel in electronic trading on the New York Stock Exchange. It fell $2.03 on Monday.

Bond prices were little changed as the yield on the 10-year Treasury note held steady at 2.37%.

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