© Dukascopy Bank SA
The S&P advanced less than 0.1% to 1,418.55. Five out of then industries edged higher within the index with Basic Materials gaining the most, up 0.82%. Among industries shrinking the most were Consumer services and Technology by falling 0.82% and 0.40%, respectively. The shares of Cliffs Natural Resources, Micron Technology and Quanta Services added the most by 4.57%, 3.73% and 3.46%, respectively. The Cliffs Natural Resources was the first company within the index advanced to pace gains in commodity producers. The Cliffs Natural Resources also gained on high-grade debt sales last Thursday and received strong demand on its five-year bond, whereas the second biggest gainer Quanta Services advanced after Deutsche Bank initiated their shares with a buy rating and increased its price target to $31.00. Meanwhile, Priceline.com, Brown Forman and Expedia lost 5.03%, 4.43% and 3.62%, respectively.
© Dukascopy Bank SA