TIWN
New York, Nov 14 (TIWN) US stocks closed mostly higher after US President Donald Trump's speech on the country's economy and stock market.
The Dow Jones Industrial Average was unchanged at close to 27,691.49. The S&P 500 increased 4.83 points, or 0.16 percent, to 3,091.84. The Nasdaq Composite Index increased 21.81 points, or 0.26 percent, to 8,486.09. Trump on Tuesday criticized Federal Reserve's monetary policies, saying the central bank's hesitation in lowering the interest rates capped gains in U.S. economy and stock market. He noted that since his election, the S&P 500 has risen more than 45 percent, the Dow Jones Industrial Average has increased over 50 percent and the Nasdaq Composite has been up 60 percent. "If we had a Federal Reserve that worked with us, you could have added another 25 percent to each of those numbers, I guarantee you that," Trump said. About half of the 30 blue-chip stocks in the Dow traded higher with shares of Walt Disney and Merck & Co up 1.35 percent and 1.01 percent, respectively, the top two gainers. Seven of the 11 primary S&P 500 sectors traded higher with the health sector up 0.58 percent, leading the gainers.
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