US Stocks Flat As Boeing Retreats
NEW YORK, (APP - UrduPoint / Pakistan Point News - 22th july, 2016) - Wall Street stocks treaded water early Friday as Boeing shares took a hit after the company announced that it would take a $2.1 billion charge against second quarter earnings. Investors were cautious after the Dow lost ground Thursday, ending a six-day streak of records amid a mix of earnings reports.
"Investors will do a lot of tape watching, aiming to see how leading sectors ...
respond to Thursday's pullback and whether the modest uptick at the open ultimately invites renewed profit-taking efforts," said Briefing.com analyst Patrick O'Hare. About 45 minutes into trade, the Dow Jones Industrial Average was down 0.1 percent at 18,502.47. The broad-based S&P 500 was essentially flat at 2,165.11, while the tech-rich Nasdaq Composite Index rose 0.1 percent to 5,079.25.
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