U.S. stocks closed narrowly mixed near record levels Thursday as earnings season got underway, amid renewed uncertainty about the Trump administration's ability to implement its pro-growth proposals.
With about twenty minutes left before the close, the S&P 500 traded 2 points higher with telecommunications and health care leading advancers. The Nasdaq composite traded 8 points higher, helped by a 1 percent gain in the iShares Nasdaq Biotechnology ETF (IBB). Both the S&P and Nasdaq hit record highs earlier in the session.
The Dow Jones industrial average lagged the S&P and the Nasdaq, falling 10 points. Home Depot was the biggest contributor of losses on the index after Sears said it will sell Alexa-enabled appliances on Amazon. Sears shares shot up 14 percent on the news. The index traded nearly 1 percent lower.
Source: Bloomberg
Trader I. Ivanov
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