Wall Street treads water as chip stocks, Nike fall

NEW YORK: The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc pushed down semiconductor stocks and the departure of Nike Inc's chief executive weighed on the company's shares.

Losses in U.S. stocks were muted, though, despite big earnings misses from industrial bellwethers Boeing Co and Caterpillar Inc . The Dow Jones Industrial Average fell 26.76 points, or 0.1per cent, to 26,761.34, the S&P 500 gained 0.2 points, or 0.01per cent, to 2,996.19 and the Nasdaq Composite dropped 7.73 points, or 0.1per cent, to 8,096.57.Channel NewsAsia - Sentifi topic widget

The S&P 500 healthcare index climbed 0.5per cent after health insurer Anthem Inc and medical device makers Boston Scientific Corp and Thermo Fisher Scientific reported strong results.

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