Friday, 29 July 2016

Stocks flat in US, fall in Europe and Japan

US stocks were relatively flat on Thursday.

The Dow Jones Industrial Average fell 0.1 percent but the S&P 500 rose 0.2 percent.

The rise in the S&P 500 leaves it just 0.2 percent from its record high.

Despite that, Michael Scanlon, managing director at Manulife Asset Management, thinks that “it doesn’t seem like there’s a tremendous amount of upside”.

Indeed, elsewhere, the STOXX Europe 600 fell 1 percent and the Nikkei 225 fell 1.1 percent.

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