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US STOCKS-Dow, S&P end up on oil shares; Nasdaq slips

Thu Jul 3, 2008 10:46pm IST
 
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(Updates to 1 p.m.)

NEW YORK, July 3 (Reuters) - The Dow and the S&P 500 ended higher on Thursday, helped by an advance in shares of energy companies as oil climbed to another record, but the Nasdaq dipped after a profit warning from graphics chipmaker Nvidia Corp (NVDA.O: Quote, Profile, Research).

Based on the latest available data, the Dow Jones industrial average .DJI rose 73.03 points, or 0.65 percent, to close unofficially at 11,288.54. The Standard & Poor's 500 Index .SPX climbed 1.38 points, or 0.11 percent, to finish unofficially at 1,262.90.

The Nasdaq Composite Index .IXIC declined 6.08 points, or 0.27 percent, to close unofficially at 2,245.38.

The U.S. stock market will be closed on Friday for the Independence Day holiday.

For the shortened week, the S&P 500 shed 1.2 percent, the Dow dropped 0.50 percent, and the Nasdaq lost 3.03 percent. This marked the Nasdaq's fifth straight weekly drop. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)

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Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 71.5 -1.51% 10/16 05:51 IST
Gold 844.1 +0.65% 10/16 06:18 IST