Radiocor News

US midday shares mixed after back-to-back winning sessions

(Il Sole 24 Ore Radiocor) - Milano, 23 gen - US shares were trading mixed after back-to-back winning sessions fueled by easing geopolitical tensions.

Markets have rallied over the last two days buoyed by president Donald Trump's change of tack on Greenland. His comments at the World Economic Forum in Switzerland earlier this week that he had inked a 'framework of a future deal' on Greenland with the head of NATO helped calm choppy waters.

Trump has repeatedly said he wants to buy the Arctic island which he sees as critical for security reasons.

Investors also reacted to data showing that US consumer sentiment rose to 56.4 in January from 52.9 in December, topping expectations for it to confirm the preliminary reading of 54.0.

Also on the data front, the flash US manufacturing purchasing managers' index inched higher to 51.9 in January from 51.8 in December. While the flash US services purchasing managers' index business activity index was unchanged at 52.5 compared to the previous month.

On the stocks front, shares in Intel slumped 15.24% after the chipmaker unveiled a first-quarter outlook that fell short of expectations and indicated that server CPU demand in the last two quarters had caught it off guard.

At 1614 GMT, the Dow Jones was losing 209.65 points, or 0.42%, at 49,174.36 points.

The S&P 500 was 15.42 points, or 0.22%, higher at 6,928.77 points.

The Nasdaq was gaining 147.22 points, or 0.63%, at 23,583.24.

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(RADIOCOR) 23-01-26 17:37:00 (0571) 5 NNNN

 


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