BUSINESS NEWS HEADLINES

Wall Street ends flat amid

rate hopes, tech declines
NEW YORK (Reuters) - U.S. stocks ended flat on Monday
as increased expectations of stimulus from central banks
around the world were offset by losses in technology and
healthcare shares.
Investors also appeared to pull back from
buying after the market posted solid increases
last week, strategists said. Microsoft Corp
(MSFT.O) was the day’s biggest drag on the
S&P 500 and Nasdaq.

The S&P 500 financial index .SPSY was among

the day’s best-performing groups, rising 1.5%,
with banks .SPXBK gaining 3.2% and U.S.
Treasury yields up on rising bets of an interest
rate cut at the U.S. Federal Reserve’s
September meeting.

“This is kind of the eye of the storm,” as

investors await more news on interest rates or
trade, said Paul Nolte, portfolio manager at
Kingsview Asset Management in Chicago.