AM Report 24 Aug 18: US stocks end the week in mixed fashion

US sharemarkets were mixed ahead of major changes to S&P500 sectors on Monday. The Telecom sector will be absorbed in to a broader Communications sector. Weightings in Technology and Consumer Discretionary will also change. Shares in McDonalds rose by 2.8% after announcing a 15% lift in its quarterly dividend. The Dow Jones index ended higher by 86.5 points or 0.3%. The S&P 500 index fell by less than 0.1% and the Nasdaq lost 41 points or 0.5%. Over the week the Dow rose by 2.2%, the S&P 500 rose by 0.8% but the Nasdaq lost 0.3%

 

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