REUTERS: U.S. stocks traded in a tight range on Thursday, as losses in the healthcare sector were offset by a rise in industrial shares, with big U.S. banks notching gains ahead of earnings.
The S&P 500 is hovering near its six-month high and is less than 2per cent away from its record high touched in late September. Investors shrugged off inflation data, after a Labor Department report showed U.S. producer prices increased by the most in five months in March, but underlying producer prices remained soft.
Concho Resources Inc fell 4.7per cent after brokerage BMO cut its price target on the oil and gas producer.
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US: Wall St ekes out slight gains at open, earnings awaited[NEW YORK] US stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season. Read more at The Business Times.
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Wall Street dips ahead of big bank earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
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Wall Street flat as growth worries persist; banks gain ahead of earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
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Wall Street ekes out slight gains at open, earnings awaitedU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
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