US stocks were little changed overnight, with the S&P 500 creeping up to another record closing high in a lethargic session

Livewire
US stocks were little changed overnight, with the S&P 500 creeping up to another record closing high in a lethargic session. The S&P retail index edged up 0.1 percent. After a sluggish start to the year, the index is up 8.4 percent for August, on pace for its best month since October 2011. Volume was depressed with some market participants on vacation ahead of the Labor Day long holiday weekend in the United States. The Dow Jones industrial average rose 15.31 points, or 0.09 percent, to 17,122.01. The S&P 500 gained 0.1 point, or 0.01 percent, to 2,000.12, and the Nasdaq Composite dropped 1.02 points, or 0.02 percent, to 4,569.62. The S&P was slightly below the 2,000 mark as the closing bell rang, but it crept marginally higher to set a record close as trading settled, its 31st record close of the year. Full article here: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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