US: banks offset tech stocks gain
Stocks are off to a mixed start on Wall Street as gains for technology companies are offset by losses for banks. Chipmaker Broadcom rose 3.1 per cent in early trading Thursday after reporting a strong quarter. Other tech stocks also rose. Google parent Alphabet rose 1 per cent. Merck rose 1.2 per cent after the New England Journal of Medicine published positive results from a trial of one of its drugs. The Standard & Poor’s 500 index was up a point at 2,630. The Dow Jones industrial average was little changed at 24,140. The Nasdaq composite added 21 points, or 0.3 percent, to 6,797.