U.S. stocks open mixed following two-day highs

0 Comment(s)Print E-mail Xinhua, November 27, 2019
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NEW YORK, Nov. 27 (Xinhua) -- U.S. stocks opened mixed on Wednesday, following Tuesday's fresh closing highs after the three indexes climbed to record highs on Monday.

Shortly after the opening bell, the Dow Jones Industrial Average dipped 13.16 points, or 0.05 percent, to 28,108.52. The S&P 500 was up 5.21 points, or 0.17 percent, to 3,145.73. The Nasdaq Composite Index increased 23.83 points, or 0.28 percent, to 8,671.76.

Eight of the 11 primary S&P 500 sectors traded on an upbeat note, with real estate rising over 1.4 percent shortly after the opening, outperforming the rest.

Shares of Dell Technologies fell nearly 4.2 percent, after the company posted worse-than-expected revenues for the third quarter.

The heavy equipment maker also said trade concerns would continue to weigh on its performance.

On the data front, the U.S. gross domestic product grew at an annual rate of 2.1 percent in the third quarter, higher than the first estimate of 1.9 percent, the U.S. Commerce Department said on Wednesday.

U.S. stocks hit new highs at market close on Tuesday, following Monday's record closing highs, as investors digested U.S. Federal Reserve Chairman Jerome Powell's latest speech and a slew of newly released data.

The Dow Jones Industrial Average increased 55.21 points, or 0.20 percent, to 28,121.68. The S&P 500 was up 6.88 points, or 0.22 percent, to 3,140.52. The Nasdaq Composite Index rose 15.44 points, or 0.18 percent, to 8,647.93. Enditem

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