Wednesday, 7 September 2016

Wall Street ends flat as investors assess US rates outlook



Wall Street ends flat as investors assess US rates outlook US stocks ended little changed on Wednesday, though the Nasdaq eked out another record high close, as investors assessed the outlook for US interest rates. A disappointing forecast from Sprouts Farmers Market weighed on grocers. Sprouts shares were down 13.7 percent at USD 19.68, while Whole Foods shares fell 5.3 percent to USD 29.08 and Kroger shares dropped 4.1 percent to USD 31.32.

The Dow Jones industrial average was down 11.98 points, or 0.06 percent, to 18,526.14, the S&P 500 lost 0.33 points, or 0.02 percent, to 2,186.15 and the Nasdaq Composite added 8.02 points, or 0.15 percent, to 5,283.93, a record high close.

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