Wall Street Ends Flat; Netflix Jumps After the Bell
"[A] bulk of funds will come in as we see clarity on [the] healthcare bill.”
The Dow Jones Industrial Average fell 8.02 points, or 0.04 percent, to 21,629.72, the S&P 500 lost 0.13 points, or 0.01 percent, to 2,459.14
and the Nasdaq Composite added 1.97 points, or 0.03 percent, to 6,314.43
Health stocks on the S&P 500 slipped, partly weighed down by a delay in the U. S. Senate’s consideration of healthcare legislation after news over the weekend
that Arizona Republican Senator John McCain would remain in his home state next week following a medical procedure.
NEW YORK — U. S. stocks closed little changed in low volume on Monday as gains in utilities
and consumer stocks offset declines in healthcare, with earnings news filtering out winners and losers across the board.
“I think we’ve got to see some dry ink on the healthcare bill before you can make broad bets on
that sector," said Erick Ormsby, CEO of Alcosta Capital Management in San Ramon, California.