US stocks end flat

Dhaka,  Fri,  28 July 2017
Published : 18 Jul 2017, 10:31:23
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US stocks end flat; Netflix jumps

US stocks end flat
US stocks closed little changed in low volume on Monday as gains in utilities and consumer stocks offset declines in healthcare, with earnings news filtering out winners and losers across the board.

BlackRock shares fell 3.1 per cent to $424.63 after the world's biggest asset manager's quarterly profit came in below expectations.

After the closing bell, Netflix shares jumped 8.5 per cent to $175.45 following better than expected subscriber growth.

Procter & Gamble rose 0.5 per cent to $87.55 as investor Nelson Peltz actively seeks a seat on P&G's board.

The Dow Jones Industrial Average fell 8.02 points, or 0.04 per cent, to 21,629.72, the S&P 500 lost 0.13 points, or 0.01 per cent, to 2,459.14 and the Nasdaq Composite added 1.97 points, or 0.03 per cent, to 6,314.43.

The S&P health sector fell 0.3 per cent while utilities gained 0.4 per cent and the consumer discretionary sector rose 0.26 per cent.

Amazon led discretionary sector gains with a 0.8 per cent increase to $1,010.04. Meal-kit company Blue Apron Holdings fell 10.5 per cent to $6.59 after an Amazon unit filed a trademark for a competing meal-kit service earlier this month, according to Reuters.
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