Wall Street mixed as US-Canada trade talks end

Published: September 01, 2018 10:55:58 | Updated: September 03, 2018 16:09:24


US stocks were mixed on Friday as US-Canada trade talks ended without resolution, the S&P 500 closed flat while the Dow edged down and the Nasdaq closed higher in light trading.

Capping a low-volume, late-summer week marked by tariff-related volatility, all three major US indexes posted net gains for the period.

The indexes were also up for the month of August, with the Nasdaq posting its largest monthly gain since January, reports Reuters.

US-Canada talks to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour noteas the two sides were unable to reach a deal, according to the Wall Street Journal.

Amazon.com's shares continued to inch upward, rising 0.5 per cent as investors watch the company close in onits $1 trillion market share milestone.

Apple closed up 1.2 per cent, reaching a newclosing high for the fifth straight session.

The Dow Jones Industrial Average fell 22.1 points, or0.09 per cent, to 25,964.82, the S&P 500 gained 0.39points, or 0.01 per cent, to 2,901.52 and the Nasdaq Composite added 21.17 points, or 0.26 per cent, to 8,109.54.

Of the 11 major sectors in the S&P 500, five closed lower.

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