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Tuesday, January 31, 2023

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Wall Street: S&P 500 closes lower after mixed swings and technical failure at opening

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The Nasdaq tech index has joined the S&P 500 in negative territory (Image: Pixabay)

The S&P 500 ended modestly lower on Tuesday at the end of a tough session marked by a series of mixed corporate earnings and a technical glitch at the opening bell.

A number of stocks listed on the Stock Exchange of New York were halted early in the session due to an apparent technical malfunction, which caused initial confusion in prices and led to an investigation by US Securities and Exchange Commission (SEC) of the USA.

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More than 80 stocks were affected by the glitch, which caused wild swings in opening prices in dozens of stocks that included walmart and Nike.

The Nasdaq technology index joined the S&P 500 in negative territory, while the Dow Jones ended modestly higher.

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THE Dow Jones (DJI) rose 0.31% to 33,733.96 points. THE S&P 500 (SPX) lost 0.07% to 4,016.95 points. THE Nasdaq Composite (US100) fell 0.27% to 11,334.27 points.

Among the top 11 sectors in the S&P 500, industrials led the percentage gains, while communications services suffered the biggest loss.

Source: Moneytimes

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