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Markets End the Day Lower

Dow drops 29
By Newser Editors and Wire Services
Posted Oct 27, 2016 3:11 PM CDT
Markets End the Day Lower
Specialist Charles Boeddinghaus, center, works with traders on the floor of the New York Stock Exchange, Monday, Oct. 24, 2016.   (AP Photo/Richard Drew)

(Newser) – US stocks ended broadly lower after an up-and-down day marked by a deluge of earnings news, the AP reports. Investors sold bonds Thursday, sending yields higher. That helping drive banks higher and high-dividend stocks like real estate companies and utilities lower. Industrial companies like defense contractor Raytheon fell, but health care companies bucked the downward trend and ended higher. Drugmaker Celgene jumped 6% after reporting earnings that easily beat analysts' forecasts. The Dow Jones industrial average fell 29 points, or 0.2%, to 18,169. The Standard & Poor's 500 index slipped 6 points, or 0.3%, to 2,133. The Nasdaq composite lost 34 points, or 0.7%, to 5,215. (Read more Dow Jones stories.)

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