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Monday, May 5, 2014

U.S. Stocks Little Changed as Services Data Offset Banks Decline

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 7:48 PM No comments


U.S. stocks were little changed, after benchmark indexes climbed to records last week, as an expansion in American service industries offset concern over growth in China and political tensions in Ukraine.
The S&P 500 added 0.1 percent to 1,882.27 at 12:48 p.m. in New York, after dropping as much as 0.8 percent earlier. The Dow Jones Industrial Average fell 1.25 points, or less than 0.1 percent, to 16,511.64. The Nasdaq Composite Index rose  0.1 percent. Trading in S&P 500 stocks was 26 percent below the 30-day average during this time of the day.
Investors pulled $2.66 billion last week out of exchange-traded funds that invest in U.S. equities, data compiled by Bloomberg show. Technology-focused ETFs saw withdrawals of $1.5 billion, the most among 12 sectors tracked by Bloomberg. Energy and utility funds attracted the biggest inflows, with deposits each totaling more than $400 million, the data show.
Source : Bloomberg

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