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US STOCKS-Wall St ends near flat, but financials climb with yields


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* Trump wants tariffs on $200 billion more in China goods

* Indexes: Dow up 0.03 pct, S&P up 0.03 pct, Nasdaq down 0.1pct

By Caroline Valetkevitch

NEW YORK, Sept 14 (Reuters) - U.S. stocks ended littlechanged on Friday as financials rose with bond yields, whilenews that President Donald Trump instructed aides to proceedwith tariffs on about $200 billion of Chinese products limitedgains.

The S&P financial index .SPSY was up 0.7 percent, leadingpercentage gains among sectors. Benchmark U.S. Treasury yields US10YT=RR rose above 3 percent earlier in the day but werelast off those levels. urn:newsml:reuters.com:*:nL2N1W010E

At the same time, the rate-sensitive S&P utilities index .SPLRCU fell 0.5 percent.

A source familiar with the White House decision also saidthe timing for activating the additional tariffs was unclear.The move came despite Treasury Secretary Steven Mnuchin'sattempts to restart talks with Beijing. urn:newsml:reuters.com:*:nL2N1W017T

"There are a lot of headlines that have come out, peoplehave been pretty active all week, and it's Friday afternoon. Youdon't really want to add additional risk when you don't knowwhat news might hit over the weekend," said Michael O'Rourke,chief market strategist at JonesTrading in Greenwich,Connecticut.

The Dow Jones Industrial Average .DJI rose 8.68 points, or0.03 percent, to 26,154.67, the S&P 500 .SPX gained 0.83point, or 0.03 percent, to 2,905.01 and the Nasdaq Composite .IXIC dropped 3.67 points, or 0.05 percent, to 8,010.04.

For the week, the Dow was up 0.9 percent, the S&P 500 was up1.2 percent and the Nasdaq rose 1.4 percent.

Also weighing on utilities was NiSourceNI.N , whichtumbled 11.7 percent after fire investigators said theysuspected a unit of the company, Columbia Gas, was linked to aseries of gas explosions in Boston suburbs on Thursday. urn:newsml:reuters.com:*:nL2N1W01AZ

Shares of insurer Travelers TRV.N were up 0.9 percent asanalysts cut loss estimates from Hurricane Florence as the stormweakened. urn:newsml:reuters.com:*:nL2N1W007I

WalmartWMT.N lost 0.6 percent after Goldman Sachs raisedquestions around the purchase of a majority stake in India'sFlipkart. urn:newsml:reuters.com:*:nL3N1W048P

Adobe SystemsADBE.O rose 2.3 percent, a day after thecompany topped quarterly revenue and profit expectations. urn:newsml:reuters.com:*:nL3N1VZ5U5

Advancing issues outnumbered declining ones on the NYSE by a1.04-to-1 ratio; on Nasdaq, a 1.12-to-1 ratio favored advancers.

The S&P 500 posted 51 new 52-week highs and no new lows; theNasdaq Composite recorded 118 new highs and 68 new lows.

About 6.2 billion shares changed hands on U.S. exchanges.That compares with the 6.1 billion daily average for the past 20trading days, according to Thomson Reuters data. (Additional reporting by Shreyashi Sanyal in Bengaluru; Editingby Susan Thomas and James Dalgleish) ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393;Reuters Messaging:caroline.valetkevitch.thomsonreuters.com@reuters.net))




This article appears in: World Markets , US Markets , Stocks
Referenced Symbols: ADBE ,



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