Markets Right Now: Stocks mostly lower at midday, except Dow
NEW YORK (AP) — Major U.S. stock indexes are mostly lower at midday, except for the Dow Jones industrial average, which is extending post-election gains into a second day.
Consumer goods and technology companies fell Thursday, while banks and industrial companies rose.
The Dow, which contains just 30 stocks, gained 147 points, or 0.8 percent, to 18,73. The gains put the Dow on track to beat its all-time closing from August.
Broader indexes didn’t do as well.
The Standard & Poor’s 500 fell a fraction to 2,163 and the Nasdaq composite dropped 63 points, or 1.2 percent, to 5,186.
More stocks fell than rose on the New York Stock Exchange.
Bond prices continued to fall. The yield on the 10-year Treasury note rose to 2.08 percent.
43
