Dow Ends Day Down 42

But S&P 500, Nasdaq rise
By Newser Editors and Wire Services
Posted Mar 29, 2017 3:16 PM CDT
Trader Andrew Silverman, left, works on the floor of the New York Stock Exchange, Wednesday, March 29, 2017.   (AP Photo/Richard Drew)

(Newser) – Energy companies led US stock indexes mostly higher as crude oil prices rose, the AP reports. Banks and other financial stocks fell Wednesday as bond yields headed lower, which will mean lower interest rates on loans and lower profits for banks. US Bancorp lost 1.3%. Depomed dropped 3% after the drugmaker replaced its CEO late Tuesday and shook up its board. The Standard & Poor's 500 index rose 2 points, or 0.1%, to 2,361. The Dow Jones industrial average fell 42 points, or 0.2%, to 20,659. The Nasdaq composite increased 22 points, or 0.4%, to 5,897. Two stocks rose for every one that fell on the New York Stock Exchange. (Read more stock market stories.)

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