New York Report: Wall St shrugs off China data
US stocks finished little changed yesterday, with the Nasdaq up for the first session in five, as investors grappled with the evolving situation in Ukraine but shrugged off concern over weakness in China’s economy.
The Dow Jones industrial average fell 11.17 points or 0.07 per cent, to 16,340.08, the S&P 500 gained 0.57 points or 0.03 per cent, to 1,868.2 and the Nasdaq Composite added 16.144 points or 0.37 per cent, to 4,323.332.
Geopolitical developments have moved to the forefront this week on a lack of major corporate results and market-moving economic data.
The S&P 500 rose 30 per cent last year and, after a recent decline, hit a record high last Friday.
About 6.4bn shares traded in US exchanges, according to the latest available data from BATS Global Markets, below the 6.9bn daily average so far this month.