TELETRADER News
2/4/2016, 10:06 PM (Source: TeleTrader)
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U.S. market close mixed

U.S. stock markets saw a day of calmer trade. The investors were watching oil prices, while somewhat weaker economic data moved over some good earnings reports.The gains were seen in industrial and materials sectors.

The Dow Jones Industrial Average closed up 0.31% at 16,386. Caterpillar rose 4.16%, and Goldman Sachs broke the string of losses with a rise of 2.30%. The Nike, Inc. fell 3.60% after an Australian filmmaker said the company "ripped off" her idea for a new campaign.

The S&P 500 index edged up 0.15% closing at 1,915. Mining corporation Freeport-McMoRan Copper & Gold rocketed up 17.11%, and Alcoa jumped 10.07%. Fashion company Ralph Lauren crashed 22.87% after reporting 39% drop in quarterly profit and large restructuring costs. The trend kept in the first minutes of after-hours trade.

The tech-heavy Nasdaq 100 was the worst performer, closing down 0.10% at 4,167. Construction company Fastenal's shares jumped 9.84%, while NXP Semiconductors rose 7.81%. Monster Beverage Corporation lost the energy of its drink to fall 4.79%. The Nasdaq Composite Index ended slightly better, adding 0.12% to close at 4,509.

The Canadian TSX index added 1.42%, and the similar was with the Mexico's IPC index gains of 1.14%.

Oil prices fell slightly. Light sweet crude WTI traded 1.79% cheaper at $31.51 a barrel, while the international benchmark Brent lost 1.71% to trade $34.44 a barrel, both at 9:55 p.m. CET. The Organization of the Petroleum Exporting Countries reported the OPEC basket price of $28.63 a barrel for February 3.

 

Image: Beta/AP

Breaking the News / ZR