Wall Street ends flat as media stocks slump, healthcare gains

Wall StreetWall Street

Wall Street ended little changed on Thursday after a moderate late-day rally as media stocks, which slumped on negative business updates from Walt Disney and Comcast, were offset by gains in healthcare shares.

Comcast dropped 6.2 percent after the cable operator warned of subscriber losses, while Disney shares fell 4.4 percent after the company cautioned about its profit growth. The S&P 500 media index ended down 3.6 percent.

The Dow Jones Industrial Average fell 22.86 points, or 0.1 percent, to 21,784.78, the S&P 500 lost 0.44 points, or 0.02 percent, to 2,465.1 and the Nasdaq Composite added 4.56 points, or 0.07 percent, to 6,397.87.

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Epic Research
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