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Wall Street ends flat after 2-day run; Dow stays above 20,000

Wall Street ends flat after 2-day run; Dow stays above 20,000


Traders work on the main trading floor of the NYSE as the Dow Jones Industrial Average passes 20,000 after opening of trading session in New YorkQualcomm weighed on both the S&P 500 and Nasdaq as the chipmaker fell 5.0 percent to $54.05 after posting a lower-than-expected rise in quarterly revenue. The post-election rally reignited this week following a solid start to earnings season and optimism over U.S. President Donald Trump's pro-growth initiatives, giving the benchmark S&P 500 its best two-day performance in seven weeks and catapulting the Dow above 20,000 for the first time. Early fourth-quarter earnings have also boosted sentiment and are now expected to show growth of 7 percent, their biggest increase in two years, according to Thomson Reuters data.


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Tags:   Company Earnings    Wall    Street    ends    flat    after    2-day    run;    Dow    stays    above    20    000
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