United States stocks end mixed after February jobs data

  • United States stocks end mixed after February jobs data

United States stocks end mixed after February jobs data

Wall Street stocks advanced early today, keeping positive momentum from last week's strong jobs report ahead of key data releases on United States inflation and retail sales.

Shares of companies such as Boeing Co, down 2.6 per cent, and Caterpillar Inc, down 2.3 per cent, have been under pressure as Trump's protectionist stance on steel and aluminum imports could increase costs and hamper sales overseas.

Shares of Micron Technology jumped almost 10 percent after analysts at Nomura raised their target for the stock to $100 - $41 above current rates.

Futures for the Dow Jones Industrial Average gained 96 points to 25,456.00, while the Standard & Poor's 500 index futures rose 9.45 points to 2,798.00.

South Korea rose one per cent while Japan's Nikkei jumped 1.2 per cent, showing little immediate reaction as Prime Minister Shinzo Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land.

The tech-heavy Nasdaq, by contrast, gained around 0.4 percent, helped in part by what traders read as further signs of official disapproval of Broadcom's $117 billion bid for U.

US stocks turned lower Monday, weighed down by declines in industrial and energy shares.

Boeing and other industrial companies fell Monday, giving back some of the ground they won late last week.

Wall Street struggled to hold on to early gains on Monday as losses in industrial stocks including Boeing and Caterpillar more than offset gains in chipmakers and technology companies.

The Dow Jones industrial average gave back 132 points, or 0.5 percent, to 25,199. Earlier in the session, tech rose as much as 0.9 percent.

European markets were higher today, with the Spanish Ibex Index rising 0.56 percent, STOXX Europe 600 Index gaining 0.37 percent and German DAX 30 index gaining 0.75 percent.

Several stocks were moving on deal news.

Optical communications company Oclaro soared 23 percent after agreeing to be acquired by Lumentum Holdings.

The S&P 500 is just 3 percent below record highs hit on January 26 while the Nasdaq is back to a record. The Dow Jones Small-Cap Value TSM Index closed at 10,167.05 for a gain of 16.83 points or 0.17%.