U.S. Indexes Little Changed as Financial Stocks Drop; Bonds FlatBy
U.S. stocks were steady as investors looked to the upcoming earnings season for cues about corporate health and the bond market was little changed.
The S&P 500 Index lost 0.1 percent to 2,425 at 10 a.m. in New York, as the Dow Jones Industrial Average and Nasdaq Composite were both little changed.
- Financial stocks down 0.4% on losses in T Row Price Group and Charles Schwab
- Tech shares little changed
- Utility and staples stocks little changed as real estate loses 0.3%
- 10-year Treasury up less than 1 bp
- Volume in S&P 500 21% below 30-day average
- Snap Inc. shares fell below their initial public offering price for the first time yesterday amid questions about the company’s ability to grow as fast as initially expected
- U.S. June Small Business Optimism Falls to 103.6; Est. 104.4
- S&P 500 companies grew profit by 6.3 percent in the second quarter, according to analyst estimates
For more equity market news:
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- Maybe ETFs Aren’t the Reason You Can’t Find Any Stocks to Buy
- Shorts Pile Into Consumer Stocks Poised for Worst Profits: Chart