Stock Market Today, Oct. 12: Dow Gains as Memory Stocks Weigh on Nasdaq
8 Articles
8 Articles
On the 12th, New York stock markets showed mixed trends across indices as rising international oil prices driven by escalating tensions in the Middle East coincided with news of technological advancements by Chinese semiconductor companies. While the Dow Jones rose, technology-heavy indices such as the Nasdaq closed lower. Investors are maintaining a wait-and-see stance as they await upcoming third-quarter earnings reports from the U.S. financia…
Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide
Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide US futures are flat, with S&P contracts clinging to small gains and the Nasdaq slipping into the red as memory stocks slide, after a weekend of contradictory geopolitical headlines whipsawed oil (see below). As of 8:00am ET, S&P futures were 0.1% higher at 7,865 while Nasdaq futures were down 0.1%. Dow futures are up about 0.1%. That follows a Friday sess…
The Dow Jones index rose 195.6 points to 51,850.55, while the S&P 500 index fell 4.3 points (0.06%) to 7,807.24 and the Nasdaq Composite index fell 120.27 points (0.44%) to 27,245.9. Stocks fell for four consecutive sessions, VN-Index lost the 1,750 point mark. Stock market upgrade: Foreign capital flows need more time to shift direction. Asian stocks showed mixed performance ahead of US corporate earnings announcements.
The New York stock exchange ended the first trading day of the week, which will see the release of inflation data and bank earnings reports, with mixed performance. The Dow Jones gained 0.38%, while the S&P 500 fell 0.06% and the Nasdaq dropped 0.44%.
The three major US stock indices in New York closed mixed as international oil prices rose and selling pressure on memory semiconductor stocks continued.
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