This 24-year-old Manipur kid is on a 3,461 km cycling trip from Kashmir to Kanyakumari to feature India's water shortage
June 24, 2019
New York, May 25 (IANS) US stocks closed higher on Friday, regaining some of the ground it lost in a rout in the previous session, as Wall Street reignited hopes for de-escalation of global trade tensions.
The Dow Jones Industrial Average rose 95.22 points, or 0.37 per cent, to 25,585.69. The S&P 500 increased 3.82 points, or 0.14 per cent, to 2,826.06. The Nasdaq Composite Index climbed 8.72 points, or 0.11 per cent, to 7,637.01.
Nine of the 11 primary S&P 500 sectors ended higher, with financials and materials up 0.77 per cent and 0.50 per cent, outpacing the rest. Consumer staples declined 0.40 per cent, the worst-performing group. Utilities also struggled.
Trade bellwether Boeing stock gained 1.24 per cent, leading the advancers in the Dow. Caterpillar, another trade-sensitive stock, closed up 0.52 per cent.
On the economic front, new orders for US manufactured durable goods decreased 2.1 per cent in April to 248.4 billion dollars, following a 1.7-per cent March increase, the Department of Commerce reported Friday. Economists surveyed by MarketWatch had forecast a 2.4-per cent April decline in new orders.
US equities tumbled on Thursday amid a steep sell-off in tech and energy shares.