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US stocks end mixed, all eyes on US-China trade talks
New York, Feb 12 (IANS) US stocks traded mixed, as market sentiments were mixed due to rising hopes on global trade and concerns over bipartisan talks to avert another US government shutdown.
The Dow Jones Industrial Average slid 53.22 points, or 0.21 percent, to 25,053.11 on Monday. The S&P 500 was up 1.92 points, or 0.07 percent, to 2,709.80. The Nasdaq Composite Index rose 9.71 points, or 0.13 percent, to 7,307.90, Xinhua news agency reported.
Shares of US aircraft manufacturer Boeing were on the rise throughout the day, amid growing hopes on the improvement of overall global trade environment.
Eight of the 11 primary S&P sectors extended gains after market close, with the industrials sector up 0.55 percent after the closing bell, leading the winners.
However, shares of Apple fell almost 1 percent around the closing bell, after iPhone shipments slumped 19.9 percent during the fourth quarter in China, according to a study by US market research company International Data Corporation on Monday.
More than a dozen of blue chips in the Dow extended losses on Monday, sinking the composite Dow index down into a red territory.
Among them, shares of Walt Disney and UnitedHealth Group slumped nearly 1.9 percent and over 1.8 percent respectively, leading the laggards.
Investors were closely watching a bipartisan meeting on Monday afternoon among key US lawmakers to search for clues on the direction toward which US economy is moving.
The move is meant to avoid another partial government shutdown by the deadline that US President Donald Trump previously set on Feb 15.
The meeting was scheduled after talks on border security funding failed between Democrats and Republicans on Sunday, due to a divergence on immigration enforcement rules.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.