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April 24, 2014
Friday, December 27, 2013

Wall St ends mostly flat, but scores weekly gains

US stock indexes closed mostly flat, with the Dow snapping a six-day streak of record closing highs after investors took a break from this week's rally.

Shares of Twitter Inc, the social media company that has nearly tripled in value since going public in early November, slid 13 percent to close at $63.75 after investors took profits. Twitter was the most actively traded stock on the New York Stock Exchange today.

The Dow Jones industrial average fell 1.47 points or 0.01 percent, to end at 16,478.41. The S&P 500 dipped just 0.62 of a point, or 0.03 percent, to finish at 1,841.40. The Nasdaq Composite dropped 10.59 points or 0.25 percent, to close at 4,156.59.

Earlier, European stocks climbed as renewed appetite for risk fuelled a year-end equity rally and pushed US benchmark Treasuries yields above 3 percent for the first time since September.

Most equity markets gained ground, with both the pan-European FTSEurofirst 300 index and Germany's DAX rising 0.8 percent.

Meanwhile, Japan's Nikkei stock average eked out a slight gain, logging its highest close in six years, although Takeda Pharmaceutical Co Ltd took a beating after it ended development of a treatment for diabetes. The Nikkei ended 4.5 points higher at 16,178.94 in its eight straight day of gains, its longest such streak since March.

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Tags:  US  stock market  Europe  Nikkei  


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