Markets See Mixed Results

Dow, S&P 500 edge up, Nasdaq slips
By Newser Editors and Wire Services
Posted Jun 26, 2017 3:16 PM CDT
Trader Michael Milano, right, works in the crowd during the Russell rebalance on the floor of the New York Stock Exchange at the close of trading, Friday, June 23, 2017.   (AP Photo/Richard Drew)

(Newser) – Utilities led US stocks mostly higher as falling bond yields made high-dividend companies more attractive to investors seeking income, the AP reports. Phone companies and banks also did well. Verizon rose 0.8% and Wells Fargo gained 0.9%, more than the rest of the market. Other sectors ended mostly higher but broad market indexes were mixed. Technology companies fell the most after giving back gains from an early rally. Google's parent company, Alphabet, fell 1.4%. The Standard & Poor's 500 index rose less than 1 point to 2,439. The Dow Jones industrial average climbed 14 points, or 0.1%, to 21,409. The Nasdaq composite fell 18 points, or 0.3%, to 6,247. (Read more stock market stories.)

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