U.S. stocks trade mixed amid trade observation

0 Comment(s)Print E-mail Xinhua, October 15, 2019
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NEW YORK, Oct. 14 (Xinhua) -- U.S. stocks traded mixed on Monday with minor gains and losses, as Wall Street keeps monitoring the latest development of U.S.-China trade scenarios.

At midday, the Dow Jones Industrial Average climbed 29.79 points, or 0.11 percent, to 26,846.38. The S&P 500 decreased 0.89 points, or 0.03 percent, to 2,969.38. The Nasdaq Composite Index was up 1.59 points, or 0.02 percent, to 8,058.62.

Eight of the 11 primary S&P 500 sectors traded lower around midday, with the utilities sector down over 0.4 percent, leading the laggards.

More than half of the blue-chip stocks extended losses around midday, with shares of Intel and Procter & Gamble down 1.15 percent and nearly 0.9 percent, respectively, leading the losers.

Shares of Nike rose 1.25 percent, after Bank of America Merrill Lynch upgraded the company's stock from "underperform" to "neutral," in that challenges facing the firm during recent years have been offset by "new sportswear apparel and growth of sub-$100 footwear."

U.S. equities advanced last week, which was marked by a new round of trade talks between China and the United States as well as the release of minutes from the Federal Reserve's latest policy meeting.

For the week, the Dow rose 0.91 percent, the S&P 500 was up 0.62 percent and the Nasdaq climbed 0.93 percent. Enditem

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