Saturday 13 August 2016

Wall St ends little changed though Nasdaq hits record high close

The Dow and S&P 500 eased from record highs on Friday as tepid data dampened investor confidence in the economy's expansion, while the Nasdaq inched up to a second straight record high close.

Among the S&P 500's biggest drags was Dow Chemical, which fell 2.4 per cent to US$52.33, while DuPont declined 1.9 per cent to US$67.66, a day after European Union regulators opened a full investigation of their US$130 billion merger agreement.

The S&P materials index, down 1.2 per cent, led sector declines in the benchmark index.

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