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S&P, Dow flat as investors weigh impact of Hurricane Harvey

Uncertainty pushed investors toward safe-haven assets, with US Treasuries holding steady


The Dow and the S&P were unchanged in late-morning trading on Monday with losses in insurance and oil stocks offset by gains in shares of health and home improvement retail chains as investors assessed the impact of Tropical Storm Harvey. The uncertainty pushed investors toward safe-haven assets, with U.S. Treasuries holding steady ahead of the employment data on Friday, while gold rose to its highest in more than a week. "What it tells you is a slight risk-off trade. But nothing that is really shaking up the markets," said Matt Lloyd, chief investment strategist at ...

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First Published: Mon, August 28 2017. 22:14 IST