The stability of the Nasdaq index, supported by Microsoft and Alphabet,...


The stability of the Nasdaq index, supported by Microsoft and Alphabet, and the decline of the Standard & Poor's 500
© Reuters. Traders during trading at the New York Stock Exchange on Wednesday. Photo: Brendan McDermid-Reuters.

(Reuters) – The Nasdaq index ended trading on Wall Street little changed on Wednesday, after receiving support from gains from Microsoft (NASDAQ:) and Alphabet, the parent company of Google, while the decline and decline in US Treasury yields impacted the sectors related to the economic and pushed down.

Microsoft’s stock jumped 4.1 percent to close at a record high after it expected a strong end to the year, buoyed in part by booming computing activity. Alphabet shares rose 4.96 percent after it reported record quarterly profits thanks to a jump in advertising sales.

The industrial index lost 266.19 points, or 0.74 percent, to 35490.69 points.

The Standard & Poor’s 500 index fell by 23.11 points, or 0.51 percent, to record 4,551.68 points.

The Nasdaq Composite increased 0.12 points, unchanged, to 15,235.84 points.

(Prepared by Mustafa Saleh for the Arabic Bulletin)

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