Wall Street flat as growth worries persist; banks gain ahead of earnings

REUTERS: U.S. stocks treaded water on Thursday, as gains in bank shares ahead of earnings were countered by growth worries following warnings from major central banks.Advertisement

"We can't seem to really break out to new record highs but we're not falling either, and I think earnings will be a key factor in deciding it," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Concerns about trade and financial conditions have pushed central banks to take a dovish stance, broadly supporting appetite for risk assets.

Bed Bath & Beyond Inc shares tumbled 10.2per cent after the home furnishing retailer forecast weak current-quarter profit.

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