U.S. shares cap losses amid optimism on budget resolution

Source: Dukascopy Bank SA
© scanpix/AP
U.S. blue chips pared their earlier losses during the last trading hour on rising optimism among investors over the budget deal, as the House of Representatives appointed a session on Dec.30. The S&P 500 index slid 0.1% to 1,418.10, after declining 1.3% earlier in the session. All but one group in the gauge edged slightly lower with consumer goods being the only group advancing. Losses in the consumer services were capped by Expedia, online travel-booking service provider, that surged 4.1% to $60.30, the most in the index. Among best performers were also ADT Corporation Common Stock adding 2.60% and Chipotle Mexican Grill increasing 2.18%. Alongside to that, United States Steel Corporation's shares  fell 2.56%, triggering a 0.47% decline in the basic materials group, the worst performing one in the benchmark index. Financials sector contracted 0.32%, showing the second biggest decline in the gauge, as Bank of America slid 0.6% to $11.47. Furthermore, J.C. Penney was 5.93% down at $19.52, as its online customer service score tumbled 6% to 78, showing the average score for its group. Furthermore, Windstream Corporation paced losses in the telecommunications group, as its shares slumped 2.77%.

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