Banks Lead US Stocks Slightly Higher

Dow edges up 8 points
By Newser Editors and Wire Services
Posted Jun 8, 2017 3:11 PM CDT
Glenn Carell, second from right, works with other stock traders at the New York Stock Exchange, Thursday, June 8, 2017.   (AP Photo/Mark Lennihan)

(Newser) – Banks led stocks slightly higher on Wall Street as lawmakers moved to undo stricter regulations placed on banks following the 2008 financial crisis, the AP reports. The Nasdaq closed at another record high Thursday. Utilities and consumer goods companies were among the biggest decliners. Troubled department store operator Nordstrom soared after the company said members of the Nordstrom family are considering taking the company private. Investors had their eye on Washington, where former FBI Director James Comey testified to Congress that the Trump administration spread "lies" about him and the FBI after his abrupt firing in May. The Standard & Poor's 500 index edged up a fraction to 2,433. The Dow Jones industrial average rose 8 points, less than 0.1%, to 21,182. The Nasdaq increased 24 points, or 0.4%, to 6,321. (Read more stock market stories.)

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