Stocks End Mostly Higher on Wall Street

Industrial stocks led the way
By Newser Editors and Wire Services
Posted Feb 22, 2018 3:34 PM CST
Specialist Gregg Maloney, center, works on the floor of the New York Stock Exchange, Thursday, Feb. 22, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks closed mostly higher Thursday on Wall Street after much of a midday rally faded away by the closing bell, the AP reports. Industrial stocks contributed the most to the market's gains. United Technologies rose 3.3% a day after its CEO said the company may split up. Energy companies also rose. Chesapeake Energy jumped 21.7%, the most in the Standard & Poor's 500 index, after reporting strong earnings. Investors were relieved to see bond yields pull back from the four-year highs they reached a day earlier. The yield on the 10-year Treasury fell to 2.92%.

The S&P 500 rose 2 points, or 0.1%, to 2,703. The Dow Jones industrial average climbed 164 points, or 0.7%, to 24,962. The Nasdaq slipped 8 points, or 0.1%, to 7,210.

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