S&P 500 ends flat

Credit: Reuters Studio
Published on April 11, 2019 - Duration: 00:56s

S&P 500 ends flat

The S&P 500 ended flat on Thursday as investors waited for earnings season to kick into high gear.

But as Fred Katayama reports, healthcare stocks fell.


S&P 500 ends flat

A drop in healthcare shares weighed on the major U.S. indexes Thursday ahead of bank earnings on Friday.

The Dow and S&P 500 finished flat.

The Nasdaq shed two-tenths percent.

National Securities chief market strategist, Art Hogan: SOUNDBITE: NATIONAL SECURITIES CHIEF MARKET STRATEGIST, ART HOGAN (ENGLISH) SAYING: "I think this is just one of those days where we're just digesting the moves that we've made and looking forward to things like earnings and I think that really kicks off in earnest on Friday." Bank stocks like JPMorgan Chase and Citigroup gained ground ahead of Morgan's results due out Friday.

Quarterly earnings for banks on the S&P 500 are expected to grow 1.8 percent.

Tesla shares skidded.

The electric car maker and Panasonic said they'll hold off on making further investments in Tesla's Gigafactory in Nevada.

Shares of Bed Bath and Beyond fell after the home furnishing retailer issued a weak profit outlook for the first quarter.

After the bell, Uber filed for its long awaited IPO.It'll list its shares on the New York Stock Exchange under the ticker symbol, "UBER'.

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