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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Wall Street opens higher on upbeat earnings, healthcare boostREUTERS: Wall Street opened higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and the fallout from the U.
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Wall St opens mixed as Boeing offsets weak earnings reports[NEW YORK] US stocks opened mixed on Wednesday as Boeing rose after reaffirming the timeline for its grounded 737 MAX's return to service, countering losses from Caterpillar and Texas Instruments, which fell on weak forecasts. Read more at The Business Times.
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Wall St opens higher on upbeat earnings, healthcare boost[NEW YORK] Wall Street opened higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and the fallout from the U.S.-China trade war, while a surge in Biogen boosted the healthcare sector. Read more at The Business Times.
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