Stock Markets End the Day Mostly Unchanged
Dow, S&P 500 down; Nasdaq up
By Newser Editors and Wire Services
Posted Jul 7, 2016 3:16 PM CDT
In this Monday, June 27, 2016, file photo, trader Jeffrey Lucchesi works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(Newser) – US stocks gave up an early gain and finished the day more or less where they started, the AP reports. Energy companies took some losses as the price of crude oil dropped sharply on Thursday. Chevron sank 1.5%. Phone company stocks, utilities, gold, and bonds all fell. Those safe-play investments were in favor over the past two weeks after Britons voted to leave the European Union. PepsiCo gained 1.5% after reporting better earnings than analysts were expecting. The Dow Jones industrial average was off 22 points, or 0.1%, at 17,895. The Standard & Poor's 500 index fell a point to 2,097. The Nasdaq composite rose 17 points, or 0.4%, to 4,876. Bond prices fell. The yield on the 10-year Treasury note rose to 1.39%.

 

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