US STOCKS-Wall St flat near record highs, trading volume light

miércoles 27 de agosto de 2014 13:04 GYT
 

* S&P 500 coming off first close above 2,000

* Upswing seen as intact but volume light

* Tiffany rises after results, Chico's lower

* Dow, S&P and Nasdaq all move less than 0.1 pct (Updates to afternoon trading)

By Ryan Vlastelica

NEW YORK, Aug 27 (Reuters) - U.S. stocks remained flat near record levels on Wednesday and while overall trading was thin, a number of retail stocks attracted outsized action after reporting results.

Both Tiffany & Co and Express Inc rose after posting second-quarter revenue that topped expectations and raising their full-year profit views. Shares of Tiffany rose 1.3 percent to $102.08 while Express jumped 12 percent to $16.38 on volume that easily eclipsed its 50-day average. On the downside, Chico's FAS Inc fell 3.2 percent to $15.51 after its results.

Best Buy Co Inc was the S&P 500's biggest percentage gainer, up 5 percent at $31.28, rebounding from a drop of 6.8 percent on Tuesday. That weakness came after the electronics retailer forecast a drop in full-year sales.

The trading range for major indexes was among the narrowest of the year. Volume was depressed by the upcoming Labor Day holiday in the United States, with some market participants away on vacation.   Continuación...