Dow Ends Day Down 72

Nasdaq, S&P 500 also close lower
By Newser Editors and Wire Services
Posted Jan 19, 2017 3:11 PM CST
Dow Ends Day Down 72
Fred DeMarco, left, and fellow traders work in their booth on the floor of the New York Stock Exchange, Thursday, Jan. 19, 2017.   (AP Photo/Richard Drew)

Stocks ended slightly lower on Wall Street, pushing the Dow Jones industrial average to its fifth loss in a row, the AP reports. Utilities and real estate companies fell the most on Thursday. Those high-dividend sectors have the most to lose from rising bond yields, which give investors other options for seeking income. The yield on the 10-year Treasury rose to 2.47%. Yields have been rising as investors expect inflation to increase. CSX soared 23% following news that the railroad operator is being targeted for a shakeup by an activist investor. The Standard & Poor's 500 index lost 8 points, or 0.4%, to 2,263. The Dow Jones industrial average gave back 72 points, or 0.4%, to 19,732. The Nasdaq composite declined 15 points, or 0.3%, to 5,540. (Read more Dow Jones stories.)

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