Wall St treads water on data – New York Report
US STOCKS ended little changed yesterday as the country’s economy grew more than expected last quarter, but soft readings on consumer confidence and house prices kept major indexes in a tight range.
The Dow Jones industrial average fell 2.96 points, or 0.02 per cent, to 17,814.94, the S&P 500 lost 2.38 points, or 0.12 per cent, to 2,067.03 and the Nasdaq Composite added 3.36 points, or 0.07 per cent, to 4,758.25.
Exxon Mobil fell 1 per cent to $94.78 while Chevron was off 1.2 percent to $116.15.
Apple hit a high of $119.75, briefly reaching a $700bn market capitalisation, the largest on Wall Street. Apple closed down 0.9 per cent at $117.60, ranking as the lar – gest points weight on the S&P 500.
Tiffany & Co rose 2.5 per cent to $107.60 after same-store sales growth beat expectations.