NEW YORK, Aug 5 ― Wall Street's main indexes ended mixed in a dull session yesterday as gains in high-growth stocks offset losses in energy shares, with investors looking ahead to monthly jobs report for clues on the pace of interest rate hikes by the Federal Reserve.
Strong earnings reports and a surprise pick-up in services sector activity had sent the main indexes sharply higher in the previous session. The Dow Jones Industrial Average fell 85.68 points, or 0.26 per cent, to 32,726.82, the S&P 500 lost 3.23 points, or 0.08 per cent, to 4,151.94 and the Nasdaq Composite added 52.42 points, or 0.41 per cent, to 12,720.58.
Cleveland Fed President Loretta Mester, a voting member of the rate-setting panel, reiterated the need to see several months of inflation coming down toward the Fed's 2 per cent target before policymakers can let up on tightening monetary policy. Health insurer Cigna Corp gained 3.1 per cent after raising its annual profit forecast. Drugmaker Eli Lilly and Co slipped 2.6 per cent as it cut annual profit view for the second time.
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