S&P 500 limps to slightly lower close as quarter-end looms – News Azi

The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered toward the finish line of a downbeat month, a dismal quarter, and the worst first-half for Wall Street’s benchmark index since President Richard Nixon’s first term.

The three major U.S. stock indexes spent much of the session wavering between red and green. The Nasdaq joined the S&P 500, closing nominally lower, while the blue-chip Dow posted a modest gain.

“The market’s struggling to find direction,” said Megan Horneman, chief investment officer at Verdence Capital Advisors in Hunt Valley, Maryland. “We had disappointing data, and the markets are waiting for earnings season, when we’ll get more clarity” with respect to future earnings and an economic slowdown.

Market leaders Apple, Microsoft and Amazon.com provided the upside muscle, while economically sensitive chips small caps and transports were underperforming the broader market.

With the end of the month and the second quarter a day…

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