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US Stocks mixed on profit booking

The US stocks were mixed on Tuesday, 16 February 2021, with the Dow managed to hold onto a modest gain, while the broader Nasdaq and the S&P 500 slid into negative territory, as some traders opted to cash in on the recent strength in the markets. The Dow Jones Industrial Average hit all-time highs on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U. S. economy from a coronavirus-driven slump, sharp drop in new coronavirus infections, progress in vaccinations and a stronger-than-expected fourth-quarter earnings season. At the close of trade, the Dow Jones Industrial Average index advanced 64.35 points, or 0.2%, to 31,522.75. The S&P 500 index fell 2.24 points, or 0.06%, to 3,932.59. The tech-heavy Nasdaq Composite Index dropped 47.98 points, or 0.34%, to 14,047.50.

US: NY Empire State Manufacturing Index falls to 4 9 in December vs 6 9 expected

Dec 15, 2020 14:58 GMTFXStreet News NY Empire State Manufacturing Index fell more than expected in December. US Dollar Index stays in the negative territory below 90.70 after the data. The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 4.9 in December from 6.3 in November, the NY Fed’s report revealed on Tuesday. This reading missed analysts’ estimate of 6.9. Further details of the publication revealed that the New Orders Index edged lower to 3.4 from 3.7, the Prices Paid Index jumped to 37.1 from 29.1 and the Employment Index improved to 14.2 from 9.4. Finally, the Six-month Business Conditions Index rose to 36.3 from 33.9.

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