Wall Street ends flat


The Dow Jones industrial average rose 59.31 points, or 0.31 percent, to end at 19,083.18, while the S&P 500 gained 1.78 points, or 0.08 percent, to 2,204.72 and the Nasdaq Composite dropped 5.67 points, or 0.11 percent, to 5,380.68. The Dow closed above 19,000 for the first time on Tuesday and all three major indexes along with the small-cap Russell 2000 ended at record highs for a second straight day. (What another day of records?: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 23, 2016. - REUTERS)

NEW YORK: U.S. stocks closed little changed in low volume on Monday as gains in utilities and consumer stocks offset declines in healthcare, with earnings news filtering out winners and losers across the board.

BlackRock shares fell 3.1 percent to $424.63 after the world's biggest asset manager's quarterly profit came in below expectations.

After the closing bell, Netflix shares jumped 8.5 percent to $175.45 following better than expected subscriber growth.

Procter & Gamble rose 0.5 percent to $87.55 as investor Nelson Peltz actively seeks a seat on P&G's board.

Health stocks on the S&P 500 <.SPXHC> slipped, partly weighed down by a delay in the U.S. Senate's consideration of healthcare legislation after news over the weekend that Arizona Republican Senator John McCain would remain in his home state next week following a medical procedure.

“I think we’ve got to see some dry ink on the healthcare bill before you can make broad bets on that sector," said Erick Ormsby, CEO of Alcosta Capital Management in San Ramon, California.

"[A] bulk of funds will come in as we see clarity on [the] healthcare bill.”

The Dow Jones Industrial Average fell 8.02 points, or 0.04 percent, to 21,629.72, the S&P 500 lost 0.13 points, or 0.01 percent, to 2,459.14 and the Nasdaq Composite added 1.97 points, or 0.03 percent, to 6,314.43.

The S&P health sector fell 0.3 percent while utilities gained 0.4 percent and the consumer discretionary sector rose 0.26 percent.

Amazon led discretionary sector gains with a 0.8 percent increase to $1,010.04. Meal-kit company Blue Apron Holdings fell 10.5 percent to $6.59 after an Amazon unit filed a trademark for a competing meal-kit service earlier this month.

Advancing issues outnumbered declining ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored advancers.

In what could be the slowest full session by volume so far this year, about 5.16 billion shares changed hands on U.S. exchanges, compared with the 6.51 billion daily average over the last 20 sessions. - Reuters

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