S&P 500 ends nearly flat as record remains elusive

Marco Green
August 15, 2020

Stocks closed mostly higher on Wall Street Monday, nudging the S&P 500 within striking distance of its all-time high set in February.

Data on Friday showed US retail sales increased less than expected last month and could slow further due to spiraling COVID-19 cases and a reduction in unemployment benefit checks.

On Wednesday and Thursday, the S&P 500 briefly traded above its February 19 record close of 3,386.15 but lacked momentum on Friday.

The Dow Jones Industrial Average rose 357.96 points, or 1.3%, to 27,791.44.

The Nasdaq composite dipped 23.20, or 0.2%, to 11,019.30.

Canada's main stock index fell on Friday, hurt by energy stocks that fell after crude prices dropped on doubts over a recovery from the coronavirus crisis.* Oil edged further below $45 a barrel on Friday pressured by doubts about a demand recovery and rising supply.* The energy sector dropped 0.6% as US crude and Brent crude prices lost about 0.5% each.

S&P 500 is posting small daily losses on Friday.

The Dow is down 747 points, or 2.6%.

As of Thursday, the S&P U.S. Listed China 50 index, which is created to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,234.93, marking a 0.57-percent increase for the month-to-date returns and a 33.71-percent gain for the year-to-date returns.

The Nasdaq is up 8.32 points, or 0.1%.

The Russell 2000 is down 83.80 points, or 5%.

The Dow is down 607.42 points, or 2.1%.

Other reports by Click Lancashire

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