At the close of trade, the Dow Jones Industrial Average index advanced 123.69 points, or 0.36%, to 34,208. The S&P 500 index was down 3.26 points, or 0.08%, at 4,156. The tech-heavy Nasdaq Composite Index fell 64.75 points, or 0.48%, to 13,471. For the week, the Nasdaq climbed by 0.3%, while the Dow and the S&P 500 slid by 0.5% and 0.4%, respectively.
Total 6 out of 11 S&P 500 sectors closed down, with consumer discretionary (down0.59%), information technology (down 0.52%), and communication services (down 0.28%) sectors being notable losers, while financials (up 0.9%), utilities (up 0.54%), and industrials (up 0.43%) were notable gainers.
ECONOMIC NEWS: US Existing Home Sales Fall 2.7% In April- US existing home sales tumbled by 2.7% to an annual rate of 5.85 million in April after plunging by 3.7% to a rate of 6.01 million in March, according to a report released by the National Association of Realtors on Friday. Existing home sales declined for the third straight month but were still up by 33.9% compared to the same month a year ago.
Among Indian ADR, Tata Motors added 0.61% to $21.30, INFOSYS added 0.38% to $18.72, ICICI Bank added 2.44% to $17.64, and HDFC Bank added 4.16% to $76.44. Dr Reddys Labs was down 0.3% to $72.34, Vedanta fell 1.85% to $14.85, WNS Holdings fell 0.2% to $73.99, and Wipro fell 0.26% to $7.54.
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