S&P 500 index remains flat on Monday

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Source: Dukascopy Bank SA
S&P 500 index traded flat on Monday as investors reacted to mixed news. Cheaper S&P 500 price-earnings valuation overshadowed a decline in US factory orders. As result US leading index traded almost flat, 0.01% or 0.14 points up at 1,278.18. Chesapeake Energy jumped 6% on news it may replace almost 50% its board. Regions Financing gave up 5.6% after Deutsche Bank downgraded its stock from buy to hold. Pultegroup extended loss and fell 6.8%. 

 

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Tue, 05 Jun 2012 10:41:20 GMT

Dow Jones down 0.1% led by JP Morgan

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