Wall Street ends mixed, Dow hits record high

Thursday, 11. July 2019 22:07

Stocks in the United States closed on Thursday as the market watchers digested the latest batch of economic data as well as the several public appearances Federal Reserve bank's officials made during the day. US Department of Labor reported that the core consumer price inflation core gauge strengthened to 2.1%, as the Atlanta Fed CEO stated that the country's economy is nearing its target inflation. In the meantime, the Fed Chairman Jerome Powell warned that the trade war with China began to weigh on the US economy.

The Dow Jones Industrial Average index hit a new record high of 27,087.84 points, increasing 0.85% shortly before the closing bell. UnitedHealth Group Inc. was the best performer, jumping 5.50. In the meantime, Goldman Sachs Group Inc. also closed 2.60% higher. The S&P 500 gained 0.23% at the end of the session, led by Cigna Corp.'s 8.88% gains.

The Nasdaq 100 finished the session losing 0.08%, pushed down by Regeneron Pharmaceuticals, Inc.'s 3.19% drop.

The euro traded 0.04% in the green against the US dollar, to go for 1.1255 at 4:05 pm ET.

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