Wednesday, October 20, 2021

Nasdaq prop up by chip makers despite global economic worries


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at
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US stocks ended mix Thursday after rallying pressure in in early session on Venezuela and global economic scenario. PG&E Corp. (PCG) rallied Nasdaq composite to 0.66%.


Despite the Trump’s tweet “We are doing well in China trade negotiation”, but the Commerce Secretary Wilbur Ross stated that both US-China are miles away from resolving the trade differences the reason, trader jitters to pick the sticks on Thursday US stocks ended in a mix.


The Nasdaq Composite rose 0.66% up by 43.78 points closed at 6,702.55 points.

Standard & Poor’s 500 slightly up 0.12% rose 3.12 points to 2,641.82

The Dow Jones Industrial Average (DJIA) down by 0.09% shed 22.38 points to 24,553.24 points.


In the sidelines; news confirmed that US will return the first group of migrants seeking asylum in the United States to the Mexican border city of Tijuana on Friday, a spokesman for Mexico’s president said on Thursday.


In a major policy change, U.S. President Donald Trump’s administration said on Dec. 20 it would send non-Mexican migrants who cross the U.S. southern border back to wait in Mexico while their U.S. asylum requests are processed.


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