Wednesday, February 24, 2016

US stocks turned up – Dagens Industri

US stocks turned up

                  2016-02-24 22:10
             

US stock exchanges were long on but turned negative in late trading on Wednesday. But the banking sector was still slow. A number of major banks fell, though not as much as the day before, such as Citigroup and JP Morgan fell 0.4 and 0.1 percent.

Aircraft manufacturer Boeing was a sinker since Goldman Sachs lowered the target price for the company’s shares. Boeing shares fell 1.1 percent.

Oil prices rebounded slightly and strengthened the hard-hit energy sector. And on the Nasdaq, Apple was the big winner with a gain of 1.4 percent.

The Dow Jones industrial index rose 0.3 percent, while the Nasdaq composite index rose 0.9 percent. S & amp; P 500 rose 0.4 percent.

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