Wall Street closes little changed after quiet session
|Major equity indexes in the U.S. swung between losses and gains on Thursday and closed the day little changed.
After Republicans on Thursday presented a new 142-page draft of their bill to repeal Obama health care, the S&P healthcare index .SPXHC gained more than 1% and yesterday's best performer, the Nasdaq biotechnology index, added another 1%.
After losing nearly a total of 4% in the last three days, the S&P energy index .SPNY finally recorded some gains but closed the day lower 0.2% as the oil rebound lost strength in the NA session. Following a rise above the $43 handle, the barrel of WTI settled at $42.75, up 0.5% on the day.
"Oil's had a tough run in the last handful of weeks. I wouldn't say oil being up today gives anybody a high degree of confidence we've seen a floor in oil yet," Michael Scanlon, managing director, portfolio manager at Manulife Asset Management in Boston, told Reuters.
The Dow Jones Industrial Average dropped 12.7 points, or 0.06%, to 21,397.29, the S&P 500 lost 2.5 points, or 0.1%, to 2,431.00 and the Nasdaq Composite gained 2.73 points, or 0.04%, to 6,236.69.
Headlines from the U.S. session:
- US LEI: Nine consecutive months of gains - Wells Fargo
- WTI between a range of $42.00-$44.50 key levels
- US-Japan bond spreads a significant support for the USD/JPY - Scotiabank
- US Pres. Trump: Don't have any tapes of conversations with Comey
- Minority Leader Chuck Schumer: We can do better than what the Republican health care bill promises
- US Trade Rep. Lighthizer: Mexican labor laws need to be addressed in NAFTA renegotiations
- Kansas Fed: Manufacturing activity expanded further with strong expectations for future activity
- Fed's Powell: Fed is committed to increasing the transparency of the stress testing
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