Wall Street Market Report

  • 17 July 2014
  • From the section Business

(Open): Wall Street stocks presented a mixed picture in early Thursday trading following the toughening of US and EU sanctions against Russia.

The Dow Jones index of leading blue-chip shares was down by 3.21 points, or 0.02%, at 17,134.99.

The S&P 500 also fell, by 2.09 points or 0.11%, to 1,979.48. But the tech-based Nasdaq rose 7.54 points or 0.17% to 4,423.93.

Time Warner was in the top gainers for the second day running, rising 3.47%.

On Wednesday, the firm's share price soared by 17%, following its rejection of a takeover offer from Rupert Murdoch's 21st Century Fox.

Yum! Brands, which owns KFC and Pizza Hut, was the biggest loser, falling 4.5% after disappointing quarterly results.