US Stocks Mixed, US30 Sinks Low!

<p>&nbsp;US stocks closed mixed on Thursday after the Chairman of the Federal Reserve (Fed) reiterated his hawkish stance to keep raising interest rates.</p><p><br /></p><p>The S&amp;P 500 and Nasdaq however closed positive, supported by strong gains in high-tech stocks including Amazon, Apple and Microsoft.</p><p><br /></p><p>At the close of the New York session, the S&amp;P 500 gained 0.37% to 4,381.90, while the Nasdaq rose 1.18% to 15,042.32 and the Dow Jones Industrial was slightly lower at 33,946.72.</p><p><br /></p><p>The US30 index fell lower at 33,850 during the Asian trading session due to a stronger US dollar.</p><p><br /></p><p>Powell, who testified before the Senate Banking Committee, continued to repeat his statement to continue raising interest rates to lower inflation to the central bank's 2% target.</p><p><br /></p><p><br /></p><p>On the economic front, jobless claims were unchanged at a 20-month high last week, suggesting that the Fed's efforts are starting to have an impact.</p><p><br /></p><p>The release of US manufacturing and services PMI data tonight will be the next focus for investors.</p><p><br /></p><p>Among the stocks that exhibited significant movements were Amazon which jumped 4.26%, Apple rose 1.65%, Tesla rose 1.98%, Microsoft added 0.99%.</p><p><br /></p><p>Spirit AeroSystems fell 9.4% after the aircraft parts supplier said it would suspend production at its factory in Wichita, Kansas, after workers announced a strike starting June 24.</p><p><br /></p><p>Boeing fell 3.1%, while Accenture shares listed in the U.S. fell 1.9% after the IT consulting firm forecast weaker-than-expected fourth-quarter results.</p>