Thursday, 26 January 2017

Wall Street ends flat after 2-day run; Dow stays above 20,000

Wall Street

Wall Street Market Update

US stocks were little changed on Thursday as investors paused following a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark, while the latest wave of earnings rolled in.

Qualcomm weighed on both the S&P 500 and Nasdaq as the chipmaker fell 5.0 percent to USD54.05 after posting a lower-than-expected rise in quarterly revenue.

The Dow Jones Industrial Average rose 32.40 points, or 0.16 percent, to close at 20,100.91, the S&P 500 lost 1.69 points, or 0.07 percent, to 2,296.68 and the Nasdaq Composite dropped 1.16 points, or 0.02 percent, to 5,655.18.

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