Markets Break Losing Streak

Dow, S&P 500, Nasdaq close higher
By Newser Editors and Wire Services
Posted Jun 16, 2016 3:16 PM CDT
Markets Break Losing Streak
Traders James Dresch, center, and Luke Scanlon, right, work on the floor of the New York Stock Exchange, Thursday, June 16, 2016.   (AP Photo/Richard Drew)

Stocks are ending higher, breaking a five-day losing streak, the AP reports. High-dividend stocks like phone companies and utilities rose more than the rest of the market Thursday as bond yields remained low. Verizon Communications and Consolidated Edison each rose 1%. Macy's rose 1% after it reached a tentative deal with workers at its New York store, avoiding a strike. The Dow Jones industrial average rose 92 points, or 0.5%, to 17,533. The Standard & Poor's 500 index rose 6 points, or 0.3%, to 2,077. The Nasdaq composite gained 9 points, or 0.2%, to 4,844. (Read more Dow Jones stories.)

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