News Headline Summary

US EQUITY WRAP: S&P 500 slips 0.3% for the week as focus turns to next week's BoE, ECB & FOMC and the US GDP & NFP report

US equities finished the session with mild gains as the S&P 500 slipped 0.3% for the week. Weakness was also evident in the DJIA weighed on by Boeing shares as Japan's ANA Holdings said it found damage to the battery wiring on two 787 locator beacons during checks. There was further misery for Co. after Qatar Airways said one Boeing Dreamliner had been taken out of service after minor technical issue. In individual stocks, Starbucks was the session best performing stock after topping its earnings estimates in after market yesterday. Zynga shares tumbled over 17% after the Co. abandoned plans to enter on-line gambling and a poor earnings report.Volumes remained light as participants focus turned to next weeks key risk events including rating decisions from the BoE, ECB & FOMC and the US GDP & NFP report. Finally, DJIA closed up 0.01% at 15556.53, S&P 500 up 0.08% at 1691.64 and NASDAQ 100 up 0.22% at 3076.23.

26 Jul 2013 - 21:01 - Equities - Source: RANsquawk

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