Dow Consolidating Above 16,000,Fighting To Extend Gains for Seventh Straight Week

By Staff,

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Stocks are flatlining near their record highs as the Dow Industrial and S&P 500 struggle to close higher for the seventh consecutive week. A dearth of major economic data and a slowing trickle of company earnings is resulting in more consolidation as investors begin positioning before a holiday-shortened trading week next week. Healthcare stocks are again leading the pack, with shares of Biogen ( BIIB ) outperforming the sector. Meanwhile, shares of Dow Component Intel ( INTC ) fell to a 2-week low after the chip-maker said sluggish PC sales will likely result in flat sales for 2014.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: BIIB , INTC

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