Early morning gains on the back of a strong headline number for durable-goods orders, as well as hopes for additional European and Chinese stimulus measures, had evaporated by mid afternoon in the US.
The S&P 500 was last down 4 points, or 0.2%, to 1,861.33. The Nasdaq Composite shed 33.71 points, or 0.8%, to 4,200.53. The tech-heavy index’s year-to-date gain of 0.6% is trailing the benchmark’s 0.7% gain since the start of the year.The Dow Jones Industrial Average dropped 50.11 points, or 0.3%, to 16,317.09.
Oil prices rose, but gold was slightly lower. The dollar index which measures the U.S. unit against a basket of six major rivals,is higher