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Nasdaq rises 0.24% as economic data ease rate-hike concerns

  • Nasdaq advanced as economic data reduced concerns about imminent rate hikes.
  • Nasdaq rose 63.52 points, or 0.24%, to 26861.06.
  • S&P 500 and Dow Jones Industrial Average both finished lower.

U.S. stocks ended mixed after a flurry of economic data eased concerns about imminent rate hikes. The tech-heavy Nasdaq rose 63.52 points, or 0.24%, to 26861.06, reversing earlier-week declines. The S&P 500 fell 19.3 points, or 0.25%, to 7651.54, while the Dow Jones Industrial Average dropped 443.87 points, or 0.86%, to 50906.05.

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