U.S. Stocks Shrug Off Midday Selloff to Finish Mostly Higher on Wednesday
Thursday, 24 January 2019 04:11 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

U.S. stocks shrugged off a midday selloff to finish mostly higher on Wednesday, as investors weighed a round of solid corporate earnings with ongoing uncertainty surrounding the U.S.-China trade talks.

The Dow Jones Industrial Average was the best-performing major index, closing up around 170 points, or 0.7%, aided by solid earnings from IBM Corp. and Procter & Gamble Co. The S&P 500 finished up 0.2% and the Nasdaq Composite Index was up less than 0.1%.

In other company news, shares of Tesla Inc. fell more than 4% after RBC downgraded the stock to underperform and cut its price target to $245 from $290. Elsewhere, citing the government shutdown, House Speaker Nancy Pelosi said she would not authorize President Donald Trump to give his State of the Union speech in the chamber.

Source : Marketwatch

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