Treasury Secretary Mnuchin Negotiating with Pelosi: "Significant Differences Remain"
[Asia Economy New York=Correspondent Baek Jong-min] The New York stock market closed mixed as investors waited for the US economic stimulus package to be finalized.
On the 23rd (local time), the Dow Jones Industrial Average fell 28.09 points (0.10%) to 28,335.57, the S&P 500 rose 11.9 points (0.34%) to 3,465.39, and the Nasdaq increased 42.28 points (0.37%) to 11,548.28.
On a weekly basis, the Dow fell 0.95%, the S&P 500 dropped 0.53%, and the Nasdaq declined 1.06%.
US Treasury Secretary Steven Mnuchin said that House Speaker Nancy Pelosi is holding firm on some issues, noting that significant disagreements remain.
The US October Services Purchasing Managers' Index (PMI) released by data provider IHS Markit recorded 56.0, the highest in 20 months, exceeding the market expectation of 55.0. The October Manufacturing PMI was 53.3, slightly below market expectations but marked the highest level in 21 months.
December delivery West Texas Intermediate (WTI) crude oil closed down 1.9% (0.79 dollars) from the previous day at 39.85 dollars per barrel. Gold closed up 0.03% (0.60 dollars) at 1,905.20 dollars per ounce.
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