Dow Ends Day Down 26

But S&P 500, Nasdaq rise
By Newser Editors and Wire Services
Posted May 1, 2017 3:07 PM CDT
Traders Christopher LaGana, foreground left, and William McInerney, right, work on the floor of the New York Stock Exchange, Thursday, April 27, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks closed mostly higher on Wall Street with big technology companies like Apple and banks leading the way, the AP reports. Banks rose along with bond yields Monday after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year. Bank of America and Wells Fargo each rose 1.2%. Investors sold bonds, gold, and high-dividend stocks. Tribune Media jumped 6.1% following reports that Twenty-First Century Fox and Blackstone may try to buy it. The Standard & Poor's 500 index rose 4 points, or 0.2%, to 2,388. The Dow Jones industrial average fell 26 points, or 0.1%, to 20,914. The Nasdaq climbed 44 points, or 0.7%, to 6,091. Bond prices fell. The yield on the 10-year Treasury note rose to 2.32%. (Read more stock market stories.)

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