U.S. stock indices mixed amid trade prospect
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E-mail Xinhua, December 14, 2018
NEW YORK, Dec. 13 (Xinhua) -- U.S. stocks traded mixed on Thursday as investors continued to digest the latest news concerning global trade issues.
At midday, the Dow Jones Industrial Average rose 34.37 points, or 0.14 percent, to 24,561.64. The S&P 500 dipped 3.65 points, or 0.14 percent, to 2,647.42. The Nasdaq Composite Index fell 32.41 points, or 0.46 percent, to 7,065.90.
The Dow's gains were underpinned by Apple and Caterpillar. Shares of both companies advanced more than 1.1 percent, around midday.
Seven of the 11 primary S&P 500 sectors traded on a downbeat note, with consumer discretionary and financials declining 0.72 percent and 0.66 percent, respectively, leading the laggards.
Technology and communication services stocks struggled, dragging the Nasdaq.
On the economic front, in the week ending Dec. 8, the advance figure for U.S. initial jobless claims, a rough way to measure layoffs, decreased 27,000 from the previous week's revised level to 206,000, lower than market forecasts, the Department of Labor reported Thursday.
Meanwhile, the more stable 4-week moving average was 224,750, a decrease of 3,750 from the previous week's revised average. Enditem
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