Monday, 25 September 2023 08:22 GMT

S&P Hovers Near 9-Month High

(MENAFN- S&P Hovers Near 9-Month High


The S&P 500 traded modestly higher Tuesday as Wall Street digested a recent rally that led the broad index to its highest level in nine months.
The Dow Jones Industrials dipped 6.08 points to 33,556.78.
The much-broader S&P 500 gathered 11.11 points to 4,284.90.
The tech-heavy NASDAQ index picked up 73.19 points to 13,302.62.
Apple shares dipped almost 1% a day after the tech giant debuted its highly anticipated virtual reality headset as well as new software at its annual Worldwide Developer Conference on Monday. In the previous session, the stock hit an all-time high ahead of the announcement.
Coinbase dropped more than 15% after the Securities and Exchange Commission sued the crypto company. The SEC alleged Coinbase was acting as an unregistered broker and exchange. Bitcoin rose more than 1%.
Prices for the 10-year Treasury sank, raising yields to 3.71% from Monday's 3.69%. Treasury prices and yields move in opposite directions.
Oil prices subtracted 36 cents to $71.79 U.S. a barrel.
Gold prices gained $6.10 to $1,980.40 U.S. an ounce.


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