NEW YORK: U.S. stocks ended little changed on Wednesday as a report the U.S.-China trade deal could be delayed until December was offset by gains in healthcare shares.
"The big headline was Reuters reporting that the signing of 'phase one' would potentially be pushed into December. The market sold off on that but nothing major, and right now investors are in a holding pattern, waiting to see if we set new highs and can punch through them," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
CVS Health Corp gained 5.4per cent after the pharmacy chain posted a better-than-expected quarterly profit, boosted by its Aetna health insurance business and pharmacy benefit management unit. The S&P health care was up 0.6per cent. Match Group Inc fell 2.5per cent as the Tinder owner forecast fourth-quarter revenue below estimates in the face of stiff competition from rival online dating services. Its parent firm, IAC/InterActiveCorp , dropped 4.3per cent.
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