US: banks off­set tech stocks gain

The Hindu Business Line - - MARKET WATCH - AP

Stocks are off to a mixed start on Wall Street as gains for tech­nol­ogy com­pa­nies are off­set by losses for banks. Chip­maker Broad­com rose 3.1 per cent in early trad­ing Thurs­day af­ter re­port­ing a strong quar­ter. Other tech stocks also rose. Google par­ent Al­pha­bet rose 1 per cent. Merck rose 1.2 per cent af­ter the New Eng­land Jour­nal of Medicine pub­lished pos­i­tive re­sults from a trial of one of its drugs. The Stan­dard & Poor’s 500 in­dex was up a point at 2,630. The Dow Jones in­dus­trial av­er­age was lit­tle changed at 24,140. The Nasdaq com­pos­ite added 21 points, or 0.3 per­cent, to 6,797.

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