Business

US shares flat amid global fears

NYSE traders Image copyright Reuters

(Closed): Wall Street markets were largely unchanged as strong economic figures were offset by global worries after the terror attack in Nice.

The Dow Jones Industrial Average rose 10.14 points to 18,516.55.

The S&P 500 ended a week of record setting highs by slipping 2.01 points to 2,161.74, while the Nasdaq dipped 4.47 points to 5,029.59.

On Thursday, the Dow recorded its third consecutive record close. The S&P 500 registered its fourth record in a row

US retail sales rose by 0.6% in June. It was the third straight month of growth for consumer spending.

Paul Ashworth the US economist at Capital Economics noted that retail sales growth figures for April and May were revised upwards by 0.1%, having already been "ridiculously strong".

Citigroup shares fell 0.3%. The bank reported better than expected second quarter results ahead of the market's opening.

Rival Wells Fargo dropped 2.9% after it reported falling profits.

Shares in Herbalife jumped 10% after it agreed to pay regulators $200m to avoid being classified as a pyramid scheme.

Travel stocks were lower following the events in France.

Cruise line Carnival fell 2.2%. Delta Airlines dropped by 2.4%.

Shares of travel booking site Priceline dropped 1.2%.