US STOCKS-Wall St ends flat; Netflix jumps after the bell

* Trian aiming to put Peltz on P&G’s board

* Netflix’s subscriber growth beats, shares soar

* Dow down 0.04 pct, S&P 500 down 0.01 pct, Nasdaq up 0.03
pct

By Rodrigo Campos and Kimberly Chin

NEW YORK, July 17 (Reuters) – U.S. stocks closed little
changed in low volume on Monday as gains in utilities and
consumer stocks offset declines in healthcare, with earnings
news filtering out winners and losers across the board.

BlackRock shares fell 3.1 percent to $424.63 after
the world’s biggest asset manager’s quarterly profit came in
below expectations.

After the closing bell, Netflix shares jumped 8.5
percent to $175.45 following better than expected subscriber
growth.

Procter & Gamble rose 0.5 percent to $87.55 as
investor Nelson Peltz actively seeks a seat on P&G’s board.

Health stocks on the S&P 500 slipped, partly
weighed down by a delay in the U.S. Senate’s consideration of
healthcare legislation after news over the weekend that Arizona
Republican Senator John McCain would remain in his home state
next week following a medical procedure.

“I think we’ve got to see some dry ink on the healthcare
bill before you can make broad bets on that sector,” said Erick
Ormsby, CEO of Alcosta Capital Management in San Ramon,
California.

” bulk of funds will come in as we see clarity on
healthcare bill.”

The Dow Jones Industrial Average fell 8.02 points, or
0.04 percent, to 21,629.72, the S&P 500 lost 0.13 points,
or 0.01 percent, to 2,459.14 and the Nasdaq Composite
added 1.97 points, or 0.03 percent, to 6,314.43.

The S&P health sector fell 0.3 percent while utilities
gained 0.4 percent and the consumer discretionary sector rose
0.26 percent.

Amazon led discretionary sector gains with a 0.8
percent increase to $1,010.04. Meal-kit company Blue Apron
Holdings fell 10.5 percent to $6.59 after an Amazon
unit filed a trademark for a competing meal-kit service earlier
this month.

Advancing issues outnumbered declining ones on the NYSE by a
1.28-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored advancers.

In what could be the slowest full session by volume so far
this year, about 5.16 billion shares changed hands on U.S.
exchanges, compared with the 6.51 billion daily average over the
last 20 sessions.

(Reporting by Rodrigo Campos and Kimberly Chin; Editing by Nick
Zieminski)


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