Equity World – US stocks closed mixed with mostly lower in late trade on Friday morning (17/02) hampered by profit-taking after the main index to a record rise bukukan five consecutive days, while the energy sector fell 1 percent.

The Dow Jones Industrial Average was up about 10 points, closed at a record high, with shares of Chevron contributed most to the losses and stock 3M’s most profitable.

 

Equity World | US stocks close mixed

The S & P 500 fell 0.1 percent, with the highest decline in the energy sector.

The Nasdaq fell 0.1 percent. The main index posted a fresh intraday highs earlier in the session.

The three major indexes, along with the Russell 2000 small-capital stocks, closed at a new all-time high again on Wednesday as President Donald Trump continues to tout his economic agenda consists of three main themes: deregulation, corporate tax cuts and fiscal stimulus. Wednesday also marked the fifth straight day with the index closed at a record high.

 

Equity World | US stocks close mixed

The economic data Thursday bukukan strong results, with weekly jobless claims are around their lowest level in more than 40 years, while the Philadelphia Federal Reserve’s manufacturing index reached its highest level since January 1984.

The inflation data released earlier this week, along with testimony from Fed Chairman Janet Yellen, raised market expectations for a rate hike in March. According FedWatch tool CME Group, hopes to move to March is in 22 percent.

In corporate news, investors parsed through quarterly results from CBS, Wendy, Alexion Pharmaceuticals and Marriott, among other companies.

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