US STOCKS-Wall St little changed as energy gains offset healthcare

martes 23 de septiembre de 2014 10:48 GYT

* Indexes off: Dow 0.14 pct, S&P 0.1 pct, Nasdaq 0.04 pct

By Chuck Mikolajczak

NEW YORK, Sept 23 (Reuters) - U.S. stocks were little changed on Tuesday, as conflict in the Middle East intensified to push the energy sector higher, offsetting declines in the healthcare space after the U.S. Treasury moved to curb "tax inversion" deals.

The United States and Arab allies bombed Syria for the first time on Tuesday, killing dozens of Islamic State fighters and members of a separate al Qaeda-linked group, pursuing a campaign against militants into a war at the heart of the Middle East.

The strikes pushed crude prices higher, with Brent touching a high of $97.59 and U.S. crude up as high as $91.90 before paring gains on higher output from Libya and Iraq. The S&P energy index rose 0.6 percent and was the best performing of the 10 major S&P industry groups.

"Some of the reticence to be involved might just be a little bit of this global turmoil that seems to be escalating here," said Gordon Charlop, a managing director at Rosenblatt Securities in New York.

"The fact of the matter is once we have gotten to 2,000 on the S&P, we've had some trouble getting through that and sustaining that, so we are sort of range-bound."

The healthcare sector was lower, weighed down by a 2 percent drop in AbbVie to $57.51 after the Obama administration took several actions late Monday that will reduce the tax benefits available to companies that have done inversion deals, while also making new inversions more difficult and potentially less rewarding.

AbbVie has agreed to a deal to acquire Shire, which fell 2.2 percent $250.75.   Continuación...