U.S.
stocks were little changed, after the Standard & Poor��s 500 Index
completed its longest winning streak since September, as investors
weighed earnings from AT&T Inc. to Boeing Co.
The
S&P 500 fell 0.1 percent to 1,878.40 at 9:31 a.m. in New York. The
Dow Jones Industrial Average slipped 13.10 points, or 0.1 percent, to
16,501.27.
The
U.S. equity benchmark gauge has advanced 3.5 percent in the past six
days, closing 0.6 percent below a record high, as earnings from Netflix
Inc. to Citigroup Inc. topped estimates and Federal Reserve Chair Janet
Yellen reiterated the bank��s commitment to supporting the economy.
A
report at 9:45 a.m. in New York may show the Markit Economics
preliminary reading of a U.S. manufacturing index rose to 56 this month
from 55.5, according to the median economist estimate compiled by
Bloomberg. Readings greater than 50 signal expansion.
Emerging-market
equities dropped and European shares snapped the biggest three-day
rally since June after the Markit gauge for China signaled continuing
weakness in the world��s second-largest economy.
Commerce
Department data at 10 a.m. will probably show that sales of new homes
increased to a 450,000 annualized pace in March, economists predicted.
Source : Bloomberg
No comments:
Post a Comment