Economy

USA stocks slip but Dow Jones holds above 23000

USA stocks slip but Dow Jones holds above 23000”

Visit MarketWatch.com for more information on this news.

On October 18, the S&P 500 opened the day higher and ended the day at record-high closing levels. The stock added $4.05 to $90.10.

The other high-flying FAANG stocks, Amazon, Facebook, Alphabet and Netflix were down between 1.2 per cent and 1.6 per cent.

Among the few gainers in the tech sector was Adobe, which jumped 9 per cent after it gave a strong 2018 profit forecast.

The S&P 500 rose less than 1 point to 2,562.

Other technology stocks didn't fare as well.

Shares of eBay (EBAY.O) were down 2.5 percent a day after it reported results. It measures the daily stock price movements of 30 large, publicly-owned US companies. The stock had climbed 5.8% over the past three months through Wednesday, while the Nasdaq 100 had gained 3.4% and the Dow had climbed 7.0%.

The S&P 500 is up 8.93 points, or 0.4 percent.

"The sector has had such a great run, but you're starting to see some concerns about how big they've gotten, some chatter in Washington about should there be some regulations", said Samana. Brent crude, used to price worldwide oils, fell 92 cents, or 1.6 percent, to $57.23 per barrel in London.

United Airlines (UAL.N) tumbled 11.6 percent, weighing on other airlines stocks and the Dow Jones Transport index.DJT, after the third largest US carrier's profit fell due to flight cancellations during the hurricane season. Oil-field services company Schlumberger declined $1.41, or 2.1 percent, to $64.50.



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