Dow Ends Day Up 27

S&P 500 inches up, but Nasdaq closes down 11
By Newser Editors and Wire Services
Posted Jan 19, 2016 3:15 PM CST
Trader Peter Tuchman works on the floor of the New York Stock Exchange, Tuesday, Jan. 19, 2016. U.S. stocks are opening higher, led by gains in banks and technology companies.    (Richard Drew)
camera-icon View 7 more images

(Newser) – US stocks struggled to close with meager gains, narrowly avoiding another down day. The Dow Jones industrial average edged up 27 points, or 0.2%, to 16,016 Tuesday. The Standard & Poor's 500 index eked out a gain of a point, less than 0.1%, to 1,881. The Nasdaq composite gave up 11 points, or 0.3%, to 4,476.

Safe-play stocks like utilities and telecommunications companies were the biggest gainers on Tuesday as the market comes off its worst opening to a year in history. Energy stocks fared poorly as the price of oil took another tumble. US crude sank $1 to a little under $29 a barrel, its lowest price since 2003. Tiffany sank 5% after the company reported weak holiday sales for jewelry.

My Take on This Story
Show results without voting  |