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
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)

(Newser) – 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.)

My Take on This Story
Show results  |