US Market Close 23 Oct 18: US stocks mixed as investors tread with caution

US sharemarkets were mixed on Monday with technology stocks out-performing. Investors braced for a big batch of earnings results over the week. But investors were encouraged by a 4.1% lift in China's Shanghai Composite share index on the prospect that tax cuts will serve to lift economic growth. Shares in oil services provider Haliburton fell by 3.3% after it said that fourth-quarter earnings would miss forecasts. The Dow Jones fell by 127 points or 0.5% after holding in a 325 point range. The S&P500 index fell by 0.4% but the Nasdaq index gained 20 points or 0.3%.

 

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