U.S. Stocks End Mixed, Bonds Gain as Oil Advances: Markets Wrap
- Health insurers get boost as Senate unveils overhaul plan
- Dollar weaker as jobless claims slightly above expectations
Rathbones' CIO Sees Oil in $40 to $50 Range
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U.S. stocks pared gains in late trading to end the day little changed as financial shares slumped with Treasury yields. Crude failed to hold its largest gains and settled below $43 as concerns mounted that the slump could spread.
The S&P 500 Index traded in a narrow band, slipping in the final half hour to notch its third straight decline. The bank slump overshadowed a rally in health-care shares amid the Senate’s version of a reform bill for the industry. The 10-year Treasury yield slid below 2.15 percent. Crude halted a losing streak but concerns of a supply glut persisted, helping gold claw its way back from a one-month low.