NEW YORK: Wall Street stocks were flat early Thursday, threatening a winning streak that has repeatedly lifted the market to new heights.
All three major US equity indices have closed at records for five days in a row, spurred by President Donald Trump's promise of tax cuts and generally solid US economic data and earnings.
About 15 minutes into trading, the Dow Jones Industrial Average was up a hair at 20,614.22.
The broad-based S&P was slightly negative at 2,348.62, while the tech-rich Nasdaq Composite Index added 0.2 percent at 5,828.52.
Trump alluded to the rally on Twitter Thursday.
"Stock market hits new high with longest winning streak in decades," he said. "Great level of confidence and optimism - even before tax plan rollout!"
But Briefing.com analyst Patrick O'Hare said the market is getting antsy about the surge.
"The most prominent train of thought right now is that the market is due for a pullback of some kind," he said.
"There are contentions that these recent gains are a byproduct of performance chasing, which implies the latest move could be reaching an end stage."
Cisco Systems jumped 2.5 percent after reporting second-quarter earnings of 57 cents per share, a penny above analyst expectations.
TripAdvisor dropped 7.4 percent after reporting earnings of just $1 million in the second quarter. Analysts warned that heavy investments in marketing will pressure profits in 2017.
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