US stocks end mixed as market volatility continues

NEW YORK, Sept 28 (Bernama) -- US stocks finished mixed in volatile trading on Tuesday, reported Xinhua.

The Dow Jones Industrial Average decreased 125.82 points, or 0.43 per cent, to 29,134.99. The S&P 500 fell 7.75 points, or 0.21 per cent, to 3,647.29. The Nasdaq Composite Index rose 26.58 points, or 0.25 per cent, to 10,829.50.

Seven of the 11 primary S&P 500 sectors ended in red, with consumer staples and utilities down 1.76 per cent and 1.7 per cent, respectively, leading the laggards. Energy increased 1.16 per cent, the best-performing group.

Last week's move by the Federal Reserve to raise rates by another 75 basis points, combined with a higher federal funds terminal rate forecast, continues to weigh on equities.

On the economic front, the US consumer confidence index jumped to a five-month high of 108 in September, following a revised 103.6 in the prior month, New York-based The Conference Board reported on Tuesday.

The US Commerce Department said that new orders for manufactured durable goods in August declined by 0.2 per cent, after a 0.1 per cent July decrease. 

US-listed Chinese companies traded roughly flat on Tuesday, with five of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.

Shares of BeiGene and Yum China Holdings went up 5.13 per cent and 3.74 per cent, respectively, leading the gainers in the top 10 stocks.

Shares of Li Auto and NIO dipped 2.54 per cent and 2.44 per cent, respectively, leading the laggards.

US stocks finished mixed in volatile trading on Tuesday.

The Dow Jones Industrial Average decreased 125.82 points, or 0.43 per cent, to 29,134.99. The S&P 500 fell 7.75 points, or 0.21 per cent, to 3,647.29. The Nasdaq Composite Index rose 26.58 points, or 0.25 per cent, to 10,829.50.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 1.05 per cent to 32.60.

 As of Monday, the S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, stood at 2,468.65, marking a 10.5-per cent decrease for the month-to-date returns and a 17.12-per cent loss for the year-to-date returns.

-- BERNAMA