• / Free eNewsletters & Magazine
  • / My Account
Home>Stocks Drift Between Gains, Losses

Related Content

  1. Videos
  2. Articles
  1. Low Volatility vs High Dividend: Which One Is Better?

    Morningstar ETF Invest Conference panelists discuss the similarities, differences, and appeal of these two strategies in today's low-growth, low-return, and high-volatility market.

  2. Benz: 5 Fund Picks for Conservative Retirees

    Retired investors can tilt their portfolios to the safer side with these funds, says Morningstar's Christine Benz.

  3. What Damage Can Rising Rates Do?

    Though some assets are more sensitive to interest rates, even a conservatively tilted diversified portfolio has historically been able to produce positive returns through rising-rate environments, says David Falkof of Morningstar Investment Management.

  4. Stock ETFs Worth Sticking Around For

    Although the stock market isn't a screaming buy today, investors shouldn't completely abandon equities for bonds. Here are some stock ETFs that are worth a closer look.

Stocks Drift Between Gains, Losses

Stocks Drift Between Gains, Losses


 By Alexandra Scaggs 

U.S. stocks ended a quiet Wednesday session little changed, while the S&P 500 made a small advance to another record close.

The S&P 500 index tacked on 0.10 point, less than 0.1%, to 2000.12, its 31st record this year. The index closed above 2000 for the first time Tuesday.

The Dow Jones Industrial Average advanced 15.31 points, or 0.1%, to 17122.01. The Nasdaq Composite Index edged down 1.02 points, less than 0.1%, to 4569.62.

Stocks drifted between slight gains and losses for much of the session. Trading was the slowest for any full session this year, with the Dow trading in its third-narrowest range this year, and moving just 44 points between its high and low. The S&P 500 traded in its seventh-smallest range this year.

"Volumes are incredibly light," said Ian Winer, director of equity trading at Wedbush Securities. But after a dismal summer for trading, "people are just wondering whether that matters... it's less of a powerful [sentiment] indicator than it might have been in years past."

There was little economic news on the calendar, so investors instead eyed the latest corporate news and high-profile deals.

Shares of a handful of retailers were bolstered by strong quarterly reports. Retailers have struggled this year, with the SPDR S&P Retail exchange-traded fund up 1.6% to the broader market's 8.2% advance.

"The industry has been under a dark cloud for so long," said Lawrence Creatura, who manages $702 million in the Federated Clover Small-Cap Value fund. "Expectations are practically subterranean... [but] even industries that are under pressure can be mispriced, and that seems to be where we're at with some retailers."

blog comments powered by Disqus
Upcoming Events

©2014 Morningstar Advisor. All right reserved.