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Wall St flat; retailers gain for a second day

Published on Feb 27, 2014 6:10 AM
 
Traders work on the floor of the New York Stock Exchange on Feb 20, 2014. United States stocks were nearly flat on Feb 26, with the S&P 500 holding below resistance levels even as retailers gained for a second day. -- FILE PHOTO: AFP

NEW YORK (REUTERS) - United States (US) stocks were nearly flat on Wednesday, with the S&P 500 holding below resistance levels even as retailers gained for a second day.

Shares of retailers Target Corp and Lowe's Cos Inc rose, giving the S&P 500 its biggest boosts.

The S&P 500 hit a record intraday high of 1,858.71 on Monday but has been unable to break above it since then.

"We are just biding time to see which way this market is going to go, if it's going to break through or if we are going to have a pullback here," said Mr Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.

 
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