Economic review

U.S. stocks mixed amid corporate news, economic data

2018-06-19 04:45:02 (Beijing Time)         English.news.cn

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A trader works at the New York Stock Exchange in New York, the United States, on June 18, 2018. U.S. stocks ended mixed on Monday. The Dow Jones Industrial Average was down 103.01 points, or 0.41 percent, to 24,987.47. The S&P 500 was down 5.79 points, or 0.21 percent, to 2,773.87. The Nasdaq Composite Index increased 0.65 point, or 0.01 percent, to 7,747.02. (Xinhua/Wu Rong)

NEW YORK, June 18 (Xinhua) -- U.S. stocks ended mixed on Monday as investors digested a slew of corporate news and economic data.

The Dow Jones Industrial Average was down 103.01 points, or 0.41 percent, to 24,987.47. The S&P 500 was down 5.79 points, or 0.21 percent, to 2,773.87. The Nasdaq Composite Index increased 0.65 point, or 0.01 percent, to 7,747.02.

Shares of Tesla Inc. surged 3.53 percent in late trading on Monday after Chief Executive Officer (CEO) Elon Musk showed off the electric-car maker's newest production line in a weekend tweet. The company is pushing toward its goal of making 5,000 Model 3 cars weekly.

U.S.-listed shares of Chinese e-commerce giant JD.com advanced about 0.4 percent as the company obtained investment of 550 million U.S. dollars from Google.

Meanwhile, shares of Boeing and Caterpillar dropped 0.88 percent and 0.89 percent respectively at market closing. The two stocks are sensitive to trade tensions as a large part of their business comes from overseas.

On the economic front, the U.S. National Association of Home Builders' (NAHB) monthly confidence index fell two points to 68 in June, lower than the market forecast of 70, the association reported on Monday.

Major components of the U.S. overall NAHB index fell in June as compared with the previous month. The gauge of present single family sales slipped to 75 from 76 in May, while the gauge of future sales conditions fell one point from May to 76.

The NAHB index rates the relative level of current and future single-family home sales. A reading above 50 indicates a favorable outlook on home sales while below indicates a negative outlook.

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