Thursday, 5 May 2016

US MARKET NEWS 06 May 2016


US stocks gave up early gains to end flat on Thursday as consumer discretionary shares fell and investors showed caution ahead of the April jobs report.
L Brands, which fell 12 percent to USD 70.53 after posting lower-than-expected monthly comparable sales, led declines in discretionary shares along with Amazon, down 1.8 percent at USD 659.09. The S&P retail index was down 1.5 percent while the S&P consumer discretionary index fell 0.6 percent.


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