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31 Jul 2020, 08:00:00 AM IST
US equities slip however beneficial properties in tech shares arrest losses: Agencies
Most US shares stumbled Thursday, however one more rise for giant know-how shares helped maintain the market’s losses in test.
The S&P 500 dropped 12.22 factors, or 0.4%, to three,246.22, with almost three out of 4 shares within the index falling.
The Dow Jones Industrial Average misplaced 225.92 factors, or 0.9%, to 26,313.65. Earlier within the morning, although, the market had appeared set for a a lot steeper fall. The Dow was down as many as 547 factors, whereas the S&P 500 tumbled 1.7% inside the first hour of buying and selling.
Stronger-than-expected revenue studies from UPS and different corporations helped the market trim its losses by the day. So did steadying costs for Amazon and different massive tech-oriented shares, which reported their very own outcomes after the day’s buying and selling ended. Anticipation for his or her studies, which proved to be even higher than Wall Street anticipated, helped the Nasdaq composite utterly erase its early loss and climb 44.87, or 0.4%, to end the day at 10,587.81.
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