Seeking Alpha

Stocks end little changed, Dow creeps closer to 17,000

Stocks traded in a narrow range on the last full day of trading before the July 4 holiday, as the Dow and S&P 500 eked out new record finishes while the Nasdaq slipped to a tiny loss, after a better than expected ADP jobs report and ahead of tomorrow's non-farm payrolls report from the government.

The one sector that displayed notable strength was health care, which also led the way yesterday; the countercyclical group added 0.7%, with biotechs underpinning the advance.

Participation was well below average, with fewer than 585M shares changing hands at the NYSE.

Treasury prices tumbled following the ADP report and continued drifting lower through the day; the 10-year note lost half a point, sending its yield higher by 6 bps to 2.62%.

Comments (1)
  • al roman
    , contributor
    Comments (6910) | Send Message
    So sleepy i kept dozing off at the screen,just a peaceful day at the market.
    2 Jul 2014, 09:38 PM Reply Like
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