11 Feb 2015
Wall Street closed mostly flat on the day; Greece vs earnings... the debate
FXStreet (San Francisco) - US stocks market closed mostly flat on Wednesday as the Dow recovered from triple-digit losses, while the Nasdaq posted gains, mainly driven by Apple $AAPL, and the S&P closed almost unchanged.
Investors were debating about which follow on news because they focused on the negotiations between Greece and the Eurogroup, while companies published good earnings reports throughout the session.
Most sectors finished Wednesday down for the day. Advances were led by Technology companies (+0.45%), followed by Consumer Staples (+0.22%), and Health Care (+0.07%). To the downside, Utilities was the biggest loser of the day (-1.53%), followed by Energy shares (-0.86%), and Telecomm (-0.45%).
The Dow Jones lost 0.04% on the day to 17,862.14; the S&P 500 closed almost unchanged at 2,068.53; while the Nasdaq Composite finished 0.28% positive at 4,801.18. The Russell 2000 declined 0.14% to 1,201.55.
Among big caps, winners were Apple $AAPL (+2.34%), PepsiCo $PEP (+2.46%), and Facebook $FB (+1.76%). To the downside, losers were America Movil $AMX (-4.60%), Shell $RDS.A (-2.15%). and Wells Fargo $WFC (-1.23%).
On related markets, Oil declined from $50.90 to find support at $48.10 before bouncing off and closing at $49.35. Gold fell hard below 1,225 to close near to lows of the day at 1,220.
The USD/JPY broke above the 120.00 level for the first time since January 5 and closed at 120.25. EUR/USD traded in narrow range around 1.1300 while the GBP/USD remains capped below 1.5300.
Investors were debating about which follow on news because they focused on the negotiations between Greece and the Eurogroup, while companies published good earnings reports throughout the session.
Most sectors finished Wednesday down for the day. Advances were led by Technology companies (+0.45%), followed by Consumer Staples (+0.22%), and Health Care (+0.07%). To the downside, Utilities was the biggest loser of the day (-1.53%), followed by Energy shares (-0.86%), and Telecomm (-0.45%).
The Dow Jones lost 0.04% on the day to 17,862.14; the S&P 500 closed almost unchanged at 2,068.53; while the Nasdaq Composite finished 0.28% positive at 4,801.18. The Russell 2000 declined 0.14% to 1,201.55.
Among big caps, winners were Apple $AAPL (+2.34%), PepsiCo $PEP (+2.46%), and Facebook $FB (+1.76%). To the downside, losers were America Movil $AMX (-4.60%), Shell $RDS.A (-2.15%). and Wells Fargo $WFC (-1.23%).
On related markets, Oil declined from $50.90 to find support at $48.10 before bouncing off and closing at $49.35. Gold fell hard below 1,225 to close near to lows of the day at 1,220.
The USD/JPY broke above the 120.00 level for the first time since January 5 and closed at 120.25. EUR/USD traded in narrow range around 1.1300 while the GBP/USD remains capped below 1.5300.