AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 No Change 0 (0%)
BR30 31,713 No Change 0 (0%)
KSE100 97,328 No Change 0 (0%)
KSE30 30,192 No Change 0 (0%)

Early gains on Wall Street fizzled out by afternoon on Monday as losses in technology and healthcare stocks overshadowed increased expectations of stimulus from central banks around the world. Microsoft Corp and Amgen Inc were among the biggest drags on the S&P 500 and Nasdaq.
Amgen fell 3.19% after analysts raised questions about data on the company's lung cancer drug, dragging the healthcare sector down 0.94%. Lenders, however, were up on broad gains in US Treasury yields on risings bets of an interest rate cut in the US Federal Reserve's September meeting. Financial stocks rose 1.20%, providing the biggest boost to the S&P 500, with banks gaining 2.62%. Technology stocks fell more than 1% and were the biggest drag on the benchmark index.
"The markets are continuing last week's positive sentiment but with a reduction in pessimism and fear," said Scott Brown chief economist at Raymond James in St. Petersburg, Florida. Stocks gained last week on easing US-China trade negotiations and global political tensions as well as increased hopes of an interest rate cut.
Energy stocks led gains among the 11 major S&P 500 sectors with a 1.41% rise, as oil prices got a boost from the new Saudi energy minister committing to output cuts. At 13:11 p.m. ET, the Dow Jones Industrial Average was up 20.95 points, or 0.08%, at 26,818.41, the S&P 500 was down 2.34 points, or 0.08%, at 2,976.37 and the Nasdaq Composite was down 22.49 points, or 0.28%, at 8,080.59.
Among other stocks, AT&T Inc gained 2.61% after shareholder Elliott Management Corp disclosed a $3.2 billion stake in the company and pushed for changes. Boeing Co fell 0.84% after it suspended load testing of its new widebody 777X aircraft over the weekend as media reports said a cargo door failed in a ground stress test.

Copyright Reuters, 2019

Comments

Comments are closed.