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Mixed close for US stocks after horrendous data, Dow down 0.9%

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NEW YORK (AFP) - Wall Street limped to a mixed a close on Thursday (July 30) following the release of data showing a historically bad crash in US economic growth as well as rising joblessness.. Read more at straitstimes.com.

NEW YORK - Wall Street limped to a mixed a close on Thursday following the release of data showing a historically bad crash in US economic growth as well as rising joblessness.

But the tech-rich Nasdaq Composite Index gained 0.4 per cent to finish at 10,587.81 ahead of second-quarter earnings from industry leaders Apple, Amazon, Alphabet and Facebook released after the close. The decline, though slightly less bad than expected, was the worst on record for the world's largest economy dating back to 1947.

The data further illustrated"the unprecedented disruption of the Covid-19 pandemic," investment bank Charles Schwab said in analysis.

 

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