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Wall St ends near flat, but financials climb with yields

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US stocks ended little changed on Friday as financials rose with bond yields, while news that President Mr . trump instructed aides to proceed with tariffs on about $200 billion of Chinese products limited gains.

The S&P financial index was up 0.7%, leading%age gains among sectors. Benchmark US Treasury yields rose above 3% earlier during the day but were last off those levels.

At one time, the rate-sensitive S&P utilities index fell 0.5%.

A source accustomed to the White House decision also said the timing for activating a further tariffs was unclear. The move came despite Treasury Secretary Steven Mnuchin’s efforts to restart talks with Beijing.

“There are a number of headlines who have turn up, individuals have been pretty active all week, and it’s Friday afternoon. You don’t genuinely want to increase the risk any time you don’t figure out what news might hit over the weekend,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

The Dow Jones Industrial Average rose 8.68 points, or 0.03%, to 26 154.67, the S&P 500 gained 0.83 point, or 0.03%, to two 905.01 additionally, the Nasdaq Composite dropped 3.67 points, or 0.05%, to eight 010.04.

For a few days, the Dow was up 0.9%, the S&P 500 was up 1.2% additionally, the Nasdaq rose 1.4%.

Also weighing on utilities was NiSource, which tumbled 11.7% after fire investigators said they suspected a unit on the company, Columbia Gas, was linked to a number of gas explosions in Boston suburbs on Thursday.

Shares of insurer Travelers were up 0.9% as analysts cut loss estimates from Hurricane Florence for the reason that storm weakened.

Walmart lost 0.6% after Goldman Sachs raised questions across the getting most stake in India’s Flipkart.

Adobe Systems rose 2.3%, per day following company topped quarterly revenue and profit expectations.

Advancing issues outnumbered declining ones to the NYSE by a 1.04-to-1 ratio; on Nasdaq, single.12-to-1 ratio favored advancers.

The S&P 500 posted 51 new 52-week highs with no new lows; the Nasdaq Composite recorded 118 new highs and 68 new lows.

About 6.2 billion shares replaced on US exchanges. That compares when using the 6.1 billion daily average within the last 20 trading days, based on Thomson Reuters data.?

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