by Noel Randewich and Bansari Mayur Kamdar
(Reuters) – The New York Stock Exchange ended in disarray on Friday, as gains in the healthcare sector managed to offset losses at some major Wall Street-listed companies.
The Dow Jones Industrial Average gained 0.01%, or 2.51 points, to 35,227.69 points.
The broader S&P-500 gained 1.47 points, or 0.03%, to 4,536.34 points.
The Nasdaq Composite fell for its part by 30.5 points (-0.22%) to 14,032.81 points.
Some big companies in the technology sector, such as Nvidia, Microsoft or Meta Platforms, fell during the session.
Netflix also fell for the second day in a row, after the publication of its quarterly results, considered disappointing by the market.
The utilities sector posted the best performance of the eleven S&P sector indices.
Analysts attributed Friday’s swings to monthly option expirations and Nasdaq rebalancing, expected at the close of trading.
Investors are also waiting for the next meeting of the US Federal Reserve (Fed), scheduled for July 25 and 26, when the central bank is expected to raise rates by 25 basis points.
In values, American Express fell, the group having maintained its annual profit forecast unchanged despite quarterly results that exceeded expectations.
SLB was also lower after posting quarterly earnings below analysts’ forecasts and said it expects activity in North America to decline for the remainder of the fiscal year.
(Report Noel Randewich, with the contribution of Bansari Mayur Kamdar and Johann M Cherian; Camille Raynaud)
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