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But lagging Nvidia shares kept the Nasdaq in negative territory. Nvidia’s shares tumbled 18.8 percent after the chipmaker pointed to the decline in cryptocurrency mining as the cause of its declining sales bike cufflinks uk sale. The chipmaker’s shares also weighed on the Philadelphia SE Semiconductor index .SOX, which declined 1.2 percent. Facebook shares also dropped 3.0 percent upon renewed concerns that the company could face regulatory scrutiny following a New York Times report on Wednesday about the company’s attempts to deflect criticism of its handling of Russian propaganda..
The Dow Jones Industrial Average .DJI rose 123.95 points, or 0.49 percent, to 25,413.22, the S&P 500 .SPX gained 6.07 points, or 0.22 percent, to 2,736.27 and the Nasdaq Composite .IXIC dropped 11.16 points, or 0.15 percent, to 7,247.87 bike cufflinks uk sale. Comments from Richard Clarida, newly appointed Federal Reserve vice chair, that U.S. interest rates were nearing the central bank’s estimates of a neutral rate also lent support to stocks, investors said. For the week, however, all three indexes posted losses. The S&P 500 fell 1.61 percent, the Dow lost 2.22 percent, and the Nasdaq shed 2.15 percent..
S&P 500 energy .SPNY stocks rose 1.1 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. S&P 500 utility stocks also jumped, advancing 1.3 percent, as PG&E Corp (PCG.N) shares surged 37.5 percent bike cufflinks uk sale. Statements from the California Public Utilities Commission raised hopes that the embattled company could be spared from bankruptcy if it were found liable for the state’s deadliest-ever wildfire. Consumer discretionary stocks fell 0.5 percent. Continuing a gloomy week for retailers, shares of department store operator Nordstrom Inc (JWN.N) tumbled 13.7 percent after quarterly same-store sales missed estimates and the company reported charges from a credit card problem..
NEW YORK (Reuters) – Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks bike cufflinks uk sale. The day after Thanksgiving has been regarded as the traditional start of the holiday buying season, although deals and bargains are being unveiled earlier this year. Wall Street has been struggling with uncertainty over U.S. congressional midterm elections, the path of interest rate hikes by the Federal Reserve, tariffs, the trade war and the possibility corporate earnings have already peaked. But a strong start to the gift buying season could help ease some concerns..
After an October that saw the S&P 500 .SPX slump nearly 7 percent, Wall Street has struggled to find its footing, rising 0.7 percent so far in November. That puts the index on pace for its biggest quarterly loss since the third quarter of 2015 and its worst fourth quarter performance in a decade bike cufflinks uk sale. About 38 percent of American consumers plan to shop on Black Friday this year, and six in 10 of those shoppers anticipate making at least half of their holiday purchases on that day, a Reuters/Ipsos poll showed on Thursday..