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Wall Street ends flat; S&P 500 snaps 3-day losing streak

The Dow Jones industrial average fell 2.51 points, or 0.01 percent, to 17,764.04, the S&P 500 gained 0.87 points, or 0.04 percent, to 2,080.15 and the Nasdaq Composite dropped 7.76 points, or 0.15 percent, to 5,013.87.

June 10, 2015 / 09:05 IST
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US stocks ended flat on Tuesday though the S&P 500 snapped three days of losses as financial and consumer staples shares bounced.

Shares of biotech companies were among the biggest drags, including Biogen, down 1.1 percent at USD 382. The Nasdaq Biotech Index was down 0.7 percent.

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The S&P financials were up 0.3 percent, helped by prospects for higher interest rates, while S&P consumer staples rose 0.5 percent, led by a 1.5 percent gain in Procter & Gamble

"People are sick of timing the Fed when it comes to this sector. People don't want to miss the boat," said Andrew Frankel, co-president of Stuart Frankel & Co in New York regarding the rise in financial shares.