Mixed on Wall Street

» Published: October 25 2024

Mixed on Wall Street
Photo: Peter Morgan/AP/TT

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The US stock exchanges ended the trading week on both sides of the zero line.

At Friday's close, the Dow Jones industrial index stood at minus 0.6 percent, while the Nasdaq's technology-heavy composite index landed at plus 0.6 percent. The broad S&P 500 index traded sideways.

Several tech giants functioned as locomotives, including Nvidia, which rose 0.8 percent, Facebook owner Meta, up 1.0 percent, and Microsoft, plus 0.8 percent.

Electric car manufacturer Tesla, which on Thursday rose 22 percent after a quarterly report, continued to rise on Friday by 3.4 percent.

Tapestry, which owns Coach and Kate Spade, surged 13.5 percent, while sector colleague Capri, which owns fashion houses Jimmy Choo, Michael Kors, and Versace, fell by 48.8 percent – after a judge stopped a merger of the companies.

HCA Healthcare's, which operates hospitals, shares fell 8.8 percent after the company reported revenue losses due to Hurricane Helene's passage.

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

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