Around Zero in Quiet Trading on Wall Street

The New York stock exchanges started with a minus but turned upwards and ended around zero in quiet trading on Boxing Day.

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Around Zero in Quiet Trading on Wall Street
Photo: Peter Morgan/AP/TT

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The broad S&P 500 index ended unchanged, the Dow Jones industrial index climbed 0.1 percent, while the tech-heavy Nasdaq composite index fell 0.1 percent.

On the statistics front, figures emerged indicating that it takes longer for the unemployed to get a job. However, contradictory figures showed that the number of new applications for unemployment benefits was lower than what analysts had expected.

The share of the game store chain Gamestop, which had risen for several days in a row after new cryptic messages on social media, went up 5.9 percent. Among the major tech companies, Tesla fell 1.8 percent after having risen over 7 percent on Christmas Eve.

The iPhone manufacturer Apple rose 0.3 percent. The analysis firm Wedbush believes that Apple's total market value may soon reach four trillion dollars, i.e., 4,000 billion dollars. This would be the first company in the world to do so. Apart from Apple, only Nvidia and Microsoft currently have a market value of over three trillion dollars.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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