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Market Ends Mixed as Dow Sees Red on Fresh Trade Jitters


Friday, 25 January 2019 04:16 WIB

Wall StreetSaham AS


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Wall Street closed mixed Thursday, as a rally in chip stocks helped offset some investor worries about a lack of progress on U.S.-China trade talks.

The Dow Jones Industrial Average fell 0.09% and the S&P 500 gained 0.12%. The Nasdaq Composite rose 0.68%.

A slew of blowout earnings from chip companies ushered in a sea of green across tech.

The Philadelphia Semiconductor Index rallied 6%, led by chipmaker Xilinx as its above-consensus earnings and guidance sent its share price soaring more than 18%.

The months-long trade war has weighed on risk sentiment, with many U.S. businesses flagging the tariffs on imported Chinese goods as a key driver of increased costs, which have compressed margins. Investing.com


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