NEW YORK, May 21 (Xinhua) – U.S. equities gave up most of their previous gains to end mixed on Friday amid weak technology.
The Dow Jones industrial average rose 123.69 points, or 0.36 percent, to 34,207.84. The S&P 500 fell 3.26 points, or 0.08 percent, to 4,155.86. The Nasdaq Composite Index fell 64.75 points, 0.48 percent, to 13,470.99.
Six of the 11 major S&P 500 sectors ended in red, with discretionary consumption and technology at 0.59 percent and 0.52 percent, respectively, at the top. Finances advanced 0.9 percent, the group performing best.
U.S. companies listed in the U.S. traded lower with the top ten shares by weight of China’s S&P 50 index listed in the U.S. that ended the day with a bearish note.
On the economic front, the quick reading of the US composite production index rose to 68.1 in May from 63.5 in April, London-based information provider IHS reported on Friday Markit.
The USHI Markit Flash business services business index rose 70.1 in May, from 64.7 in April, while the US Flash manufacturing PMI (Purchasing Managers Index) it stood at 61.5 compared to 60.5 in April.