Sunday, September 25, 2022

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
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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