WORLD Dow dips 300 points, Nasdaq briefly crosses 10,000 mark for first time

WORLD

Dow dips 300 points, Nasdaq briefly crosses 10,000 mark for first time

Xinhua

07:02, June 10, 2020

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File photo

NEW YORK, June 9 (Xinhua) -- U.S. stocks ended mixed on Tuesday after volatile trading.

The Dow Jones Industrial Average fell 300.14 points, or 1.09 percent, to 27,272.30, snapping a 6-day winning streak. The S&P 500 was down 25.21 points, or 0.78 percent, to 3,207.18.

The Nasdaq Composite Index rose 29.01 points, or 0.29 percent, to close at 9,953.75. The index rallied to a record high earlier in the session, briefly breaking above the 10,000 mark for the first time, fueled by strong gains in major tech shares.

Shares of U.S. tech giants Netflix, Apple, Facebook and Amazon all finished up more than 3 percent.

Nine of the 11 primary S&P 500 sectors ended lower, with energy and financials down 3.31 and 2.62 percent, respectively, leading the laggards. Communication services and technology, however, both climbed more than 0.4 percent.

Investors assessed economy reopening while awaiting a key statement on interest rates from the U.S. Federal Reserve expected Wednesday afternoon.



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