Stocks finished Monday little changed, picking up tepid support
this afternoon to further erase earlier declines. With no new
economic data and only a handful of companies reporting financial
results, traders were unwilling to stake out large positions in
either direction, instead waiting for new Federal Reserve Chair
Janet Yellen to testify on monetary policy and the economy before
the House Financial Services Committee. She'll return Thursday for
a similar appearance before the Senate Banking Committee.
Sectors in the S&P 500 were split roughly equally between
winners and losers, with shares of healthcare and utility stocks
posting the best gains and reflecting the sector's cautious mood.
Energy stocks fell over 0.5% as a group while crude oil futures
again cracked the $100 per barrel mark, with the March contract
adding 18 cents to settle at $100.06 per barrel.
Shares of consumer discretionary companies also were broadly
lower, including a 1% drop for McDonalds (
) after the fast-food restaurant chain reported a 3.3% decline in
U.S. sales last month.
In commodities trading, April gold rose $11.90 to $1274.80 per
ounce while March silver climbed 19 cents to $20.12 per ounce.
March copper slipped 1 cent to $3.23 per pound.
Here's where the markets stood at end-of-day:
Dow Jones Industrial Average 7.71 (+0.05%) to 15,801.79
S&P 500 2.82 (+0.16%) to 1,799.84
Nasdaq Composite Index 22.31 (+0.54%) to 4,147.97
Hang Seng Index down 0.27%
Shanghai China Composite Index up 2.03%
FTSE 100 Index up 0.30%
(+) HWG, Settles a class-action lawsuit by offering plaintiffs a
larger share of its newly-created company.
(+) YOD, Video service touted as the "Netflix of China" in
Seeking Alpha article.
(+) DAVE, Dumped its CEO and forecast a small increase in Q4
revenue over year-ago levels.
(-) BWP, Missed earnings estimates by $0.22 per share and cut
its quarterly distribution by 81%.
(-) MDCO, FDA analysts decline to endorse the company's
(-) SOHU, Reported below consensus Q4 revenue and guidance
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