Equity Tips:- Wall Street Mixed As Weak Earnings Offset Strong Economic Data

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US stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies.

 

A sharp drop after the open had pushed the S&P 500 and the Dow Jones Industrial Average below their 200-day moving averages, a key technical indicator of longer-term momentum, but both indexes pared losses to rise back above those levels.

 

The Dow Jones Industrial Average rose 37.37 points, or 0.16 percent, to 23,962.35, the S&P 500 lost 3.97 points, or 0.15 percent, to 2,631.7 and the Nasdaq Composite dropped 3.73 points, or 0.05 percent, to 7,097.16.

 

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