Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 13, 2017. REUTERS/Brendan McDermid
October 19, 2017
NEW YORK (Reuters) – U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple <AAPL.O> fell more than 2 percent to lead a decline in technology shares.
The Dow Jones Industrial Average <.DJI> rose 5.44 points, or 0.02 percent, to 23,163.04, the S&P 500 <.SPX> gained 0.84 points, or 0.03 percent, to 2,562.1 and the Nasdaq Composite <.IXIC> dropped 19.15 points, or 0.29 percent, to 6,605.07.
The S&P turned positive minutes ahead of the close after Politico reported that Federal Reserve Governor Jerome Powell is the leading candidate to become President Donald Trump’s nominee for Fed chair, in what would be a continuation of the current stock market-friendly monetary policy.
(Reporting by Caroline Valetkevitch and Rodrigo Campos; Editing by Nick Zieminski)
