Markets End the Day Slightly Higher

Dow closes up 36
By Newser Editors and Wire Services
Posted May 2, 2017 3:16 PM CDT
Specialist Michael Pistillo, left, works with traders at his post on the floor of the New York Stock Exchange, Tuesday, May 2, 2017.   (AP Photo/Richard Drew)

(Newser) – US stock indexes are closing slightly higher as gains in industrial companies are offset by losses in automakers and energy companies, the AP reports. Engine maker Cummins rose 6.1% Tuesday. Automakers were broadly lower after posting weak April sales. Fiat Chrysler lost 4.3% and Ford gave up 4.4%. Energy companies fell after oil fell to its lowest price in almost six months. Rig operator Transocean lost 2.3%. The Standard & Poor's 500 index edged up 2 points, or 0.1%, to 2,391. The Dow Jones industrial average gained 36 points, or 0.2%, to 20,949. The Nasdaq composite edged up 3 points, or 0.1%, to 6,095, another record high. Small-company stocks fell. (Read more Dow Jones stories.)

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