U.S.
stocks fluctuated, after benchmark gauges closed at all-time highs, as
gains among retailers on corporate earnings offset declines in
Hewlett-Packard Co. and Chesapeake Energy Corp.
Dollar
Tree Inc. and TJX Cos. added more than 3 percent to pace gains among
retailers. Hewlett-Packard tumbled 9.5 percent after saying earnings
will be hurt by the rising dollar. Chesapeake Energy lost 9.7 percent as
earnings fell short of analysts™ projections.
The
Standard & Poor™s 500 Index rose less than 0.1 percent to 2,115.91
at 12:14 a.m. in New York. The Dow Jones Industrial Average gained 15.71
points, or 0.1 percent, to 18,224.90. The Nasdaq Composite Index added
0.1 percent after a 10-day rally brought the gauge to within 1.6 percent
of its 2000 record.
The
S&P 500 rose last week as minutes from the central bank™s latest
meeting showed some policy makers argued for keeping rates low for
longer amid risks facing the economy.
Source: Bloomberg
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