Total e-messages sent to parties in lawsuits reach over 11.8 million during first half of 2025    3 arrested in assault case in Riyadh    New Property Ownership Law will take into effect in January 2026 Al-Hogail thanks King and Crown Prince for the updated law    Saudi Cabinet approves new property ownership law for non-Saudis    Saudi, Iranian FMs discuss regional developments    Saudi Arabia sees 51% surge in blockchain business registrations by Q2 2025    Saudi Arabia reaffirms support for a secure and stable Afghanistan at UN session    Israeli defense minister plans to move Gaza's population to camp in Rafah    Fire at Telecom Egypt building injures 14, disrupts internet and mobile services    Indonesian volcano spews massive ash cloud as it erupts again    SAMA announces launch of new e-commerce payments interface    Alkhorayef emphasizes Saudi keenness on leveraging Russia's industrial expertise    HONOR returns to Esports World Cup as Official Smartphone Partner for 2025 The renewed commitment will see HONOR elevate mobile esports competition with cutting-edge AI technologies and industry-leading hardware    Riot Games responds to match-fixing allegations in VALORANT    BLAST responds to BESTIA Visa controversy ahead of CS2 Austin major    Christophe Galtier named NEOM SC head coach ahead of historic Saudi Pro League debut    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Wall Street Closing
Published in Saudi Press Agency on 20 - 02 - 2021

U.S. stocks ended little changed Friday, reversing early gains, even after Treasury Secretary Janet Yellen said a large stimulus package is needed for a full economic recovery. Stocks pared gains in the afternoon on a combination of rising interest rates and profit taking.
For the week, the Dow industrials gained 0.25 percent, the broader Standard & Poor's 500 lost 0.6 percent, and the technology-heavy Nasdaq dropped 1.5 percent.
In U.S. economic news, existing-home sales unexpectedly rose 0.6 percent in January to an annual rate of 6.69 million units, the most since October and the second-highest since 2006. Home re-sales have surged 23.7 percent from a year ago, supported by record-low mortgage-loan interest rates and the desire for bigger properties for remote working and learning during the pandemic.
The U.S. dollar fell versus a basket of other currencies, as Thursday's U.S. jobless-claims data hurt optimism for a quick recovery from the Covid-19 pandemic.
Gold rose slightly from a more than seven-month low as the dollar declined, but rising Treasury yields pushed the metal to its biggest weekly drop since early January. Futures advanced 0.1 percent to $1,777.40 an ounce on the New York Mercantile Exchange.
Oil fell from recent highs for a second consecutive session as Texas energy companies started to prepare for restarting oil and natural-gas fields shuttered by freezing weather. West Texas Intermediate (WTI) crude futures dropped 2.1 percent to $59.24 a barrel. The contract posted its first losing week in three.
The Dow Jones industrial average was virtually unchanged, rising 0.98 to 31,494.32. Eighteen of the index's 30 components declined, led by Visa and Nike, which each lost over 2 percent. Dow Inc. and Boeing led gainers, surging 4.9 and 4.3 percent, respectively.
The broader Standard & Poor's 500 index fell 7.26, or 0.2 percent, to 3,906.71. Utilities and consumer staples led declining sectors. Materials, industrials, and financials—all cyclical stocks—led gaining sectors.
The technology-heavy Nasdaq composite index was little changed, rising 9.11 to 13,874.46. Apple added 0.1 percent, and chipmaker Applied Materials jumped over 6 percent after issuing a better-than-expected quarterly forecast. Facebook dropped 2.9 percent, Amazon lost 2.35 percent, Netflix was 1.5 percent lower, and Google-parent Alphabet declined 0.8 percent.


Clic here to read the story from its source.