Dow Pulls Back From Record High

Ends day up just 1 point
By Newser Editors and Wire Services
Posted Nov 30, 2016 3:16 PM CST
Trader Eugene Mauro, foreground right, works on the floor of the New York Stock Exchange, Tuesday, Nov. 22, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks ended mostly lower on Wall Street as gains in blue-chip energy companies and banks were not enough to make up for losses in the broader market, the AP reports. Utilities and phone companies fell the most Wednesday. The Dow Jones industrial average pulled back from a record high and ended slightly higher thanks to big jumps in Goldman Sachs and DuPont. Oil stocks climbed after OPEC nations agreed to cut production for the first time in eight years. Banks rose as bond yields climbed. The Dow edged up 1 point to 19,123. The Standard & Poor's 500 index fell 5 points, or 0.3%, to 2,198. The Nasdaq composite fell 56 points, or 1.1%, to 5,323. (Read more Dow Jones stories.)

My Take on This Story
Show results without voting  |