Nasdaq Ends Day at All-Time High
Dow falls 35
By Newser Editors and Wire Services
Posted Feb 8, 2017 3:16 PM CST
Trader James Conti, center, works on the floor of the New York Stock Exchange, Wednesday, Feb. 1, 2017.    (AP Photo/Richard Drew)

(Newser) – Utilities and other stocks that pay big dividends led US stocks mostly higher as bond yields fell, the AP reports. Edison International rose 2.4% Wednesday and Essex Property Trust, a real estate company, added 1.8%. The gains in high-dividend stocks came as bond yields fell, making those stocks more attractive to investors seeking income. Banks and other financial companies lagged the market. Citizens Financial dropped 3.4%. The Nasdaq composite notched another all-time high, while the Dow Jones industrial average edged lower. The Standard & Poor's 500 index rose 1 point, or 0.1%, to 2,294. The Dow fell 35 points, or 0.2%, to 20,054. The Nasdaq composite rose 8 points, or 0.2%, to 5,682.

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