The market-value weighted S&P 500 and Dow traded in record territory in mixed trading before closing flat while the Nasdaq rose.
Investors are employing a wait-see strategy ahead of further second quarter corporate results. The Dow fell -8 points or -0.04% and the S&P 500 slipped -0.01%.
Nasdaq gains were led by technology but poor performing healthcare stocks dragged on the index as the Republican healthcare bill is delayed once again until Senator John McCain recovers from emergency surgery.
Oil continues to fluctuate between gains and losses dipping to $48 a barrel at close after the Energy Information Administration predicted a rise in August shale oil output. Mining was among the leading industries.
- Dow 21,629 -0.04%
- S&P 500 2,459 -0.01%
- Nasdaq 6,314 +0.03%
- Russell 2000 1,431 +0.20%
- NYSE Composite 11,890 -0.06%
- Gold 1,233 -0.05%
- Oil WTI $48.39 -1.06%
- 10-Year Treasury Yield 2.31% -0.01
Blue Apron and Black Rock slide
The Meal kit delivery company, Blue Apron, saw its shares tumbled -9.78% to $6.61 after news of Amazon's trademark application for a prepared food-kit service caused tremors to the stock.
Blue Apron launched on the New York Stock Exchange at the beginning of the month at the issue price of $10 a share.