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Stock Markets End the Day Mostly Unchanged

Dow, S&P 500 down; Nasdaq up
By Newser Editors and Wire Services
Posted Jul 7, 2016 3:16 PM CDT

(Newser) – US stocks gave up an early gain and finished the day more or less where they started, the AP reports. Energy companies took some losses as the price of crude oil dropped sharply on Thursday. Chevron sank 1.5%. Phone company stocks, utilities, gold, and bonds all fell. Those safe-play investments were in favor over the past two weeks after Britons voted to leave the European Union. PepsiCo gained 1.5% after reporting better earnings than analysts were expecting. The Dow Jones industrial average was off 22 points, or 0.1%, at 17,895. The Standard & Poor's 500 index fell a point to 2,097. The Nasdaq composite rose 17 points, or 0.4%, to 4,876. Bond prices fell. The yield on the 10-year Treasury note rose to 1.39%. (Read more Dow Jones stories.)

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