U.S. stocks ended the day flat as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares
NEW YORK - U.S. stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares.
The S&P 500 financial index .SPSY was among the day’s best-performing groups, rising 1.5%, with banks .SPXBK gaining 3.2% and U.S. Treasury yields up on rising bets of an interest rate cut at the U.S. Federal Reserve’s September meeting. “This is kind of the eye of the storm,” as investors await more news on interest rates or trade, said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
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