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US stocks: Wall Street near flat, but Internet names gain ground

Published on May 2, 2014 3:35 AM

NEW YORK (REUTERS) - US stocks were nearly flat on Thursday as gains in Internet shares were offset by a decline in Exxon Mobil.

Exxon reported first-quarter earnings that exceeded expectations, but its shares dipped 1 per cent to US$101.43 (S$127.04) and led the way down for the S&P 500.

Shares of Cardinal Health and Textron, which reported some disappointing quarterly results, also limited gains.

Facebook, up 2.2 per cent at $61.06, and other Internet shares were among the day's better performers, helped by strong results from Yelp, whose shares gained 9.5 per cent to $63.85.

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