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U.S. stocks close mixed

China

U.S. stocks close mixed
China

China

U.S. stocks close mixed

2026-03-11 15:14 Last Updated At:15:37

U.S. stocks closed relatively flat in choppy trading on Tuesday as investors digested the U.S.-Israeli strikes on Iran and navigated volatility in the energy markets.

The Dow Jones Industrial Average fell by 0.07 percent, to 47,706.51. The S&P 500 sank 0.21 percent to 6,781.48. The Nasdaq Composite Index increased by 0.01 percent to 22,697.10.

Nine of the 11 primary S&P 500 sectors ended in red, with energy and health leading the laggards by dropping 1.32 percent and 0.73 percent, respectively. Communication services and technology led the gainers by adding 0.26 percent and 0.08 percent, respectively.

Most of the "Magnificent Seven" mega-cap stocks posted gains, and Microsoft was the sole exception. Memory chip manufacturers also continued their upward trajectory from the previous session, as SanDisk and Western Digital advanced an additional 5.12 percent and 1.59 percent, respectively.

Shares of retailer Kohl's ended 1.49 percent lower, and Hewlett Packard Enterprise dropped 3.26 percent. Oracle also ended 1.43 lower as investors awaited the software company's earnings release scheduled for after the market close.

U.S. stocks close mixed

U.S. stocks close mixed

Volkswagen Group will slash 50,000 jobs in Germany by 2030, facing its steepest profit decline in nearly a decade amid U.S. tariffs and collapsing earnings.

CEO Oliver Blume told shareholders the reductions would extend to Audi, Porsche, and software unit CARIAD.

The announcement coincided with Volkswagen's annual report, which showed operating profits plunged 54 percent in 2025, their lowest since 2016. The report blamed U.S. tariff policies for the decline.

Volkswagen forecasts a recovery in 2026, but finance chief Arno Antlitz stressed the company must "rigorously" cut costs.

Volkswagen to cut 50,000 jobs by 2030 as profits hit decade low

Volkswagen to cut 50,000 jobs by 2030 as profits hit decade low

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