NEW YORK, Oct 27 — US stock indexes closed modestly higher yesterday, with the Dow Industrials and S&P 500 hitting fresh records, and gains were subdued as Facebook shares fell in the wake of its quarterly earnings. Facebook Inc, down 3.92 per cent, was the biggest drag on the S&P 500 and...
NEW YORK, Oct 27 — US stock indexes closed modestly higher yesterday, with the Dow Industrials and S&P 500 hitting fresh records, and gains were subdued as Facebook shares fell in the wake of its quarterly earnings.
“Then pile on the issues with the whistleblower, what they knew, what they didn’t know, how they set themselves up to benefit themselves even at the risk of kids and people that use the platform. That is going to kind of hang over it.” The Dow Jones Industrial Average rose 15.73 points, or 0.04 per cent, to 35,756.88; the S&P 500 gained 8.31 points, or 0.18 per cent, at 4,574.79; and the Nasdaq Composite added 9.01 points, or 0.06 per cent, at 15,235.72.
While nearly all 11 S&P sectors rose on the session, defensive plays such as utilities and real estate were among the best performers, indicating some caution in the market. Ross Mayfield, investment strategist at Baird in Louisville, Kentucky, said with indexes at or near record levels, a run of good economic data could increase investor concerns the Federal Reserve may pull its timeline for a rate hike forward.Shares of Hasbro Inc climbed 3.23 per cent after the toy maker posted an upbeat third-quarter profit even as it warned of a hit to holiday sales from supply chain issues.
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