WASHINGTON (dpa-AFX) - After showing a lack of direction over the two previous sessions, stocks have moved modestly higher in morning trading on Thursday. The major averages have all moved to
U.S. Stocks Turning In Another Lackluster Performance
WASHINGTON (dpa-AFX) - Stocks have shown a lack of direction over the course of the trading day on Thursday, extending the lackluster performance seen in the two previous sessions. While the tech-heavy Nasdaq has spent the day hovering in positive territory, the Dow and the S&P 500 have been lingering near the unchanged line.
Currently, the major averages are turning in another mixed performance. The Dow is down 29.78 points or 0.1 percent at 31,408.02, while the Nasdaq is up 55.80 points or 0.4 percent at 14,028.34 and the S&P 500 is up 4.18 points or 0.1 percent at 3,914.06.
The chopping trading on Wall Street comes as buying interest seems somewhat subdued following recent strength but traders have also largely refrained from cashing in on the recent gains amid concerns about missing out on further upside.
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The
S&P 500 Index (SPX) and the
Dow Jones Industrial Average ($DJI) start off Tuesday defending six-session winning streaks, the best stretch in six months for either. The small-cap
Russell 2000 (RUT) also hit new all-time highs yesterday. Wall Street is batting a thousand this February, to borrow a baseball term that represents perfection.
The RUT is way ahead of everyone else, up 16% so far this year as investors appear focused on smaller, more domestically-oriented stocks and banks that are well represented in the index and tend to benefit from economic stimulus.
The last time the SPX started off a month as well as this was last August when it had six straight gains before faltering on day seven. Today is the seventh trading session of February, so we’ll see if the index can muster a little more power to surpass August’s mark. The day begins with major indices trending lower, so it might take a new positive catalyst to turn things around.
U.S. Stocks Close Little Changed Following Lackluster Session
WASHINGTON (dpa-AFX) - After moving sharply higher over the course of the two previous sessions, stocks showed a lack of direction during trading on Wednesday. The major averages bounced back and forth across the unchanged line before ended the day little changed.
The major averages finished the session on opposite sides of the unchanged line. While the Nasdaq edged down 2.23 points or less than a tenth of a percent to 13,610.54, the Dow inched up 36.12 points or 0.1 percent to 30,723.60 and the S&P 500 crept up 3.86 points or 0.1 percent to 3,830.17.
A positive reaction to the latest earnings news contributed to initial strength on Wall Street, with Google parent Alphabet (GOOGL) helping to lead the way higher.
Major Averages Turning In Mixed Performance In Mid-Day Trading
WASHINGTON (dpa-AFX) - Stocks continue to turn in a relatively lackluster performance in mid-day trading on Wednesday after showing a lack of direction early in the session. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are turning in a mixed performance. While the Dow is down 14.34 points or 0.1 percent at 30,673.14, the Nasdaq is up 57.48 points or 0.4 percent at 13,670.25 and the S&P 500 is up 11.18 points or 0.3 percent at 3,837.49.
A positive reaction to the latest earnings news contributed to initial strength on Wall Street, with Google parent Alphabet (GOOGL) helping to lead the way higher.