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US stocks see little change despite retail sector struggles

Published 13/05/2016

US stocks ended little changed despite retail stocks struggling
US stocks ended little changed despite retail stocks struggling

US stocks have ended pretty much where they started after a day of wavering between small gains and losses.

Investors loaded up on safe stocks like phone companies on Thursday and had some more disappointments from the retail sector.

Kohl's slumped 9% after its results fell short of analysts' estimates.

Agribusiness giant Monsanto jumped 9% on reports that German rival Bayer was considering a bid for the company, while Jack in the Box soared 14% after its results beat forecasts.

Tech stocks fell as Apple lost another 2.4%.

The Dow Jones industrial average edged up nine points, or 0.1%, to 17,720. The Standard & Poor's 500 index fell a fraction to 2,064. The Nasdaq composite index dropped 23 points, or 0.5%, to 4,737.

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