U.S. stocks were little changed, following three days of declines, as a rally in Amazon.com Inc. and Visa Inc. after better-than-expected results offset declines in Biogen Inc.
The Standard & Poor’s 500 Index slipped 0.1 percent to 2,100.44 at 9:32 a.m. in New York, below its average price during the past 50 days.
A private gauge of Chinese manufacturing unexpectedly fell to the lowest in 15 months, reinforcing the need for further policy support in an economy that had seen signs of stabilization recently.
The S&P 500 has lost 1.2 percent this week through Thursday, and is headed toward its fourth weekly decline out of five. The gauge is 1.4 percent away from its May record, after sliding as much as 4 percent from the high as concerns about Greece’s debt crisis and China’s stock market rout weighed on sentiment.
Source: Bloomberg
