(MENAFN) On Tuesday, Jul. 27 U.S. shares closed lower as shareholders concentrated on profits reports from big tech names and a major assembly of the Federal Reserve.
The Nasdaq Composite Index declined 180.14 points, or 1.21 percent, hitting 14,660.58. The Dow Jones Industrial Average dropped 85.79 points, or 0.24 percent, reaching 35,058.52. The S&P 500 decreased 20.84 points, or 0.47 percent, hitting 4,401.46.
Six of the 11 main S&P 500 fields closed in green, with utilities rising 1.72 percent, exceeding the rest. Consumer discretionary and communication services fell 1.16 percent and 1.06 percent, each, leading the laggards.
U.S.-listed Chinese firms traded mostly lower with nine of the key 10 stocks by weight in the S&P U.S. Listed China 50 index concluding the day on a negative note.
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