 "A souvenir license plate is seen outside the New York Stock Exchange in Manhattan, New York. Photo: Reuters")
The somnolent tone in US stocks lasted another week, with a string of motionless sessions elongating just as the S&P 500 Index approached its latest round-number milestone.
Unmoved by politics, the economy or earnings, the benchmark gauge slipped 0.4 per cent over the five days, as double-digit losses in retailers Macy’s Inc. and Nordstrom Inc. were offset by equally large rallies in Nvidia Corp. and Advanced Micro Devices. While closing at a record 2,399.63 on Wednesday, the index has been hovering just below 2,400 for the better part of two weeks.
“A continuous rejection of the 2,400 level
Unmoved by politics, the economy or earnings, the benchmark gauge slipped 0.4 per cent over the five days, as double-digit losses in retailers Macy’s Inc. and Nordstrom Inc. were offset by equally large rallies in Nvidia Corp. and Advanced Micro Devices. While closing at a record 2,399.63 on Wednesday, the index has been hovering just below 2,400 for the better part of two weeks.
“A continuous rejection of the 2,400 level
