U.S
stock closed little changed in light trading, near the highest levels
this year, as investors awaited further assurances that central banks
will continue to support growth.
Gains
in consumer shares, including Amazon.com Inc., Starbucks Corp. and Walt
Disney Co., offset declines in energy and raw-materials companies, with
commodity shares lagging Monday as crude oil fell. Starwood Hotels
& Resorts Worldwide Inc. added 7.9 percent after an unsolicited
takeover offer from a group of companies led by by China’s Anbang
Insurance Group Co.
The
Standard & Poor’s 500 Index fell 0.1 percent to 2,019.58 at 4 p.m.
in New York, closing above its average price during the past 200 days
for a second session.
The
Federal Reserve’s two-day meeting this week will be in focus for
indications on the trajectory of interest rates, after equities on
Friday surged in the wake of additional stimulus steps from the European
Central Bank. The Bank of Japan concludes a policy review Tuesday,
while the Bank of England has a rate decision Thursday. Central banks
have indicated a willingness to continue measures to boost growth and
stabilize markets, helping buttress a comeback for U.S. stocks in the
past month.
Source : Bloomberg
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