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Dow Edges Up to Another Record Close

S&P 500, Nasdaq also edge higher
By Newser Editors and Wire Services
Posted Feb 24, 2017 3:11 PM CST

(Newser) – A late burst of buying erased losses in US indexes and left the Dow Jones industrial average with its 11th straight gain and another record close, the AP reports. The market was down nearly all day Friday before turning higher in the last half-hour of trading. High-dividend stocks such as utilities and phone companies rose the most. Investors tend to favor those stocks when bond yields are lower and they want less volatile investments. AT&T rose 1% and FirstEnergy gained 3%. The Dow rose 11 points, or 0.1%, to end at 20,821. It was down as much as 76 points earlier. The Standard & Poor's 500 index rose 3 points, or 0.2%, to 2,367, also a record. The Nasdaq composite climbed 9 points, or 0.2%, to 5,845. (Read more Dow Jones stories.)

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