NEW YORK, New York – U.S. stocks were all over the place on Thursday as investors weighed up a number of positives and negatives.
“For a second consecutive session, the underlying price action is a lot weaker than the headline indices make it seem with a handful of large stocks masking selling elsewhere,” Adam Crisafulli of Vital Knowledge told CNBC Thursday
“It seems the same worries are before are still present COVID, the debt ceiling, Fed staffing uncertainty, the Fed will tighten too soon, the Fed isn’t tightening fast enough. Actual news is relatively bullish … Even ‘bad’ reports, like Cisco, still have bullish implications for the underlying economy,” he said.
The Dow Jones retreated 60.10 points or 0.17 percent to close Thursday at 35,870.95.
The Nasdaq Composite advanced 72.14 points or 0.45 percent to 15,993.71.
The Standard and Poor’s 500 added 15.87 points or 0.34 percent to 4,704.54.
The U.S. dollar drifted lower across the board. The euro perked up to 1.1369 approaching the New York close Thursday. The British pound was higher at 1.3501. The Japanese yen firmed slightly to 114.21. The Swiss franc was a fraction higher at 0.9255.
The Canadian dollar drifted up to 1.2607. The Australian and New Zealand dollars made good gains to 0.7375 and 0.7033 respectively.
Overseas, the Dax in Germany lost 0.18 percent. Paris’s CAC 40 fell 0.21 percent. In London, UK, the FTSE 100 dropped 0.48 percent.
On Asian markets, in Japan, the Nikkei 225, closed down 89.63 points or 0.30 percent at 29,598.66.
The Australian All Ordinaries edged up 9.20 points or 0.12 percent to 7,713.20.
The Hang Seng in Hong Kong dived 330.36 points or 1.29 percent to 25,319.72.
China’s Shanghai Composite declined 11.66 points or 0.47 percent to 3,520.71.
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