Dow Ends Day Down 21

S&P 500, Nasdaq close slightly higher
By Newser Editors and Wire Services
Posted Dec 2, 2016 3:16 PM CST
Trader Thomas Ferrigno, center, works on the floor of the New York Stock Exchange, Friday, Dec. 2, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending with tiny gains as a post-election rally runs out of steam, the AP reports. Safe-play investments were back in favor Friday, and bank stocks gave back some of their big gains over the past few weeks. Utilities and real estate companies did well as investors stuck with slow-and-steady stocks that pay big dividends. Bond prices also rose, sending yields lower. That hurt banks by making it harder for them to make money from lending. Goldman Sachs, which hit a nine-year high on Thursday, fell 1%. The Dow Jones industrial average slid 21 points, or 0.1%, to 19,170. It hit a record high the day before. The Standard & Poor's 500 index rose a fraction to 2,191. The Nasdaq composite picked up 4 points, or 0.1%, to 5,255. (Read more Dow Jones stories.)

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