US STOCKS-S&P 500 erases early losses to end flat; energy, tech up

martes 9 de diciembre de 2014 17:36 GYT
 

* Verizon, telecoms weigh

* Energy, tech shares lead move up on S&P 500

* Dow down 0.3 pct, S&P down 0.02 pct, Nasdaq up 0.5 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Dec 9 (Reuters) - The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares.

The index managed to erase a 1.3 percent decline from earlier in the day, moving more than 26 points to its high of the day from its low.

Energy and technology shares boosted the market and the Nasdaq ended the day higher. Apple shares climbed 1.5 percent to $114.12, giving the Nasdaq and S&P 500 their biggest boost. Small-cap stocks also bounced, with the Russell 2000 index gaining 1.8 percent.

Advancing issues outnumbered declining ones on the New York Stock Exchange by a ratio of 1.53 to 1. Still, the number of NYSE stocks making new 52-week lows was 255, compared with just 117 making new highs.

"The market in general is digesting a very big move since its October 15 low," said Adam Sarhan, chief executive of Sarhan Capital in New York. "Less than two moths ago we were flat for the year, so investors are hypersensitive to potential downdrafts in the market at this stage in the game."   Continuación...