US equity close: Positive start upended by tech selling


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Closing changes in North American equities:

  • S&P 500 -0.1%
  • Nasdaq Comp -0.4%
  • DJIA +0.3%
  • Russell 2000 +0.7%
  • Toronto TSX Comp -0.3%

On the week:

  • S&P 500 +0.6%
  • Nasdaq Comp +1.0%
  • DJIA +0.6%

US stocks had a strong start and liked the PCE report but the bombing in Beirut along with quarter-end flows added some caution. Nvidia was also weak on a report about China discouraging its chips.

This article was written by Adam Button at www.forexlive.com.

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