U.S. stocks were little changed near records as Netflix Inc. rallied, while SanDisk Corp. led chipmakers lower. Greek bonds fell as pressure mounted for the country to secure funding and copper soared.
The Standard & Poor’s 500 Index lost 0.1 percent at 4 p.m. in New York, after rising within 0.3 percent of its all-time high. Netflix surged 17 percent to a record. Oil was little changed after earlier sliding more than 2 percent. The Stoxx Europe 600 Index dropped 0.7 percent from an all-time high. The yield on Greece’s 10-year bond increased to the highest in more than two years. The Bloomberg Dollar Spot Index slid for a third day.
Netflix rallied on higher subscriber numbers, while the Philadelphia Semiconductor Index slipped 0.5 percent as SanDisk forecast missed estimates. The dollar fell as reports showed U.S. housing starts rose less than estimated in March while initial jobless claims unexpectedly gained last week, adding to signs growth is losing momentum. Oil has rallied more than 16 percent in April. Greece is facing a financing crunch that Germany’s Finance Minister says isn’t likely to be resolved before a meeting of euro-area lawmakers next week.
Source : Bloomberg