U.S. stocks were little changed near all-time highs
as declines in Hewlett-Packard Co. and Apple Inc. offset gains among
retailers amid corporate earnings.
Hewlett-Packard tumbled 9.9 percent after saying
earnings will be hurt by the rising dollar. Apple lost 2.6 percent as
technology shares slumped 0.7 percent. Chesapeake Energy dropped 9.6
percent as earnings fell short of analysts™ projections. Dollar Tree
Inc. and TJX Cos. added more than 2.2 percent to pace gains among
retailers.
The Standard & Poors 500 Index fell less than
0.1 percent to 2,113.83 at 4 p.m. in New York. The Dow Jones Industrial
Average rose 15.38 points, or less than 0.1 percent, to a record
18,224.57. The Nasdaq Composite lost less than 1 point, ending a 10-day
rally that brought the gauge to within 1.6 percent of its 2000 record.
Source: Bloomberg
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