United
States stock market closed down US stocks closed mixed, with declines
in the technology sector offset a sharp rise in the financial sector as
investors speculate on rising interest rates.

After a volatile trading session of the day, the Dow Jones Industrial
Average closed at a new high, while the Standard & Poor’s 500 fell
slightly.

US exchanges. – Reuters

The Dow Jones rose 21.03 points, or 0.11% at 18868.69, while the S & P 500 down 0.25 points or 0.01% to 2164.2 position.

“I think all we’re doing a little trim positive post-election rally
last week,” said Mark Luschini, chief investment strategist at Janney
Montgomery Scott, told Reuters.

The tech sector was under pressure since 8 November last election as
investors poured capital into other sectors such as financial,
industrial, and energy, which is seen benefiting from the policies of
President-elect Donald Trump.

Financial index rose 2.3%, while banking stocks, including Bank of
America JPMorgan gave the biggest boost. Banking Index has risen 10.8%
since the presidential election in hopes of deregulation and rising
interest rates.

On the other hand S & technology sector index closed down 1.7%
and become a major stressor index. This sector has slumped 3% since the
last presidential election ..

Meanwhile, the Federal Reserve is expected to raise interest rates
stronger at a meeting in December, with a probability of hikes by CME
Group FedWatch menncapai 91%. Equityworld futures