U.S.
stocks fluctuated, after the Standard & Poor 500 Index completed
its longest winning streak since September, as investors weighed
earnings from AT&T Inc. to Boeing Co. and a home-sales gauge
unexpectedly fell.
AT&T
dropped 3 percent as more customers opted to pay full price for
smartphones in exchange for lower bill in the future. Amgen Inc. plunged
5.2 percent after sales for its best-selling arthritis drug missed
analysts�� estimates. Netflix Inc. lost 5.3 percent after Amazon.com
Inc. reached a deal to stream old episodes of HBO series. Boeing added
1.9 percent after a boost in jetliner deliveries helped profit top
forecasts.
The
S&P 500 fell 0.1 percent to 1,877.12 at 12:32 p.m. in New York. The
Dow Jones Industrial Average slipped 17.37 points, or 0.1 percent, to
16,497. Trading in S&P 500 stocks was 3.8 percent below the 30-day
average at this time of day.
The
U.S. equity benchmark gauge advanced 3.5 percent in during its six-day
rally, closing 0.6 percent below a record high, as earnings from Netflix
to Citigroup Inc. topped estimates and Federal Reserve Chair Janet
Yellen reiterated the bank��s commitment to supporting the economy.
Copy Source: Bloomberg
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