U.S. stocks were little changed, with the Standard & Poor��s 500 Index extending a record after briefly topping 1,900 for the first time, as data showed retail sales in March were higher than initially reported.
The S&P 500 added less than 0.1 percent to 1,897.41 at 4 p.m. in New York for a second consecutive record close. The Dow Jones Industrial Average increased 19.97 points, or 0.1 percent, to 16,715.44, extending its all-time high. The Nasdaq Composite Index slipped 0.1 percent after yesterday rallying the most since January, while the Russell 2000 Index sank 1.1 percent.
U.S. stocks climbed yesterday, with the S&P 500 closing at a record 1,896.65, as Internet and small-cap shares rallied. The Dow Jones Internet Index had its best day since January yesterday, jumping 3.2 percent as all 41 members advanced. The gauge slipped 0.5 percent today. While the Nasdaq Composite has recovered 3.3 percent from its April low, it remains more than 5 percent below a 13-year high in March.
Retail sales climbed 0.1 percent last month after a revised 1.5 percent surge in March that was the biggest since March 2010, Commerce Department figures showed. The median forecast of 83 economists surveyed by Bloomberg called for a 0.4 percent advance.
Source : Bloomberg