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Thursday, 30 March 2017

S&P, Dow weighed down by financial stocks; Nasdaq up

The S&P 500 and the Dow were pressured by declines in financial stocks, while consumer discretionary shares lifted the Nasdaq. The S&P 500 financial index slipped 0.48 percent, weighed down by Berkshire Hathaway and JPMorgan. The sector had risen more than 1 percent a day earlier. However, losses on the S&P and the Dow were limited by a rise in energy shares due to a 2 percent gain in oil prices. The S&P 500 energy index was up 1.1 percent after data showed a smaller-than-expected build in US crude stockpiles.

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Riyanshi

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