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Stocks End a Choppy Day of Trading Mixed

Tech companies held back gains elsewhere
By Newser Editors and Wire Services
Posted Jan 25, 2018 3:31 PM CST
Stocks End a Choppy Day of Trading Mixed
Trader Robert Oswald works on the floor of the New York Stock Exchange, Thursday, Jan. 25, 2018.   (AP Photo/Richard Drew)

(Newser) – The stock market ended a choppy day of trading Thursday with mixed results as slumping technology companies held back gains elsewhere, the AP reports. The Standard & Poor's 500 notched a tiny gain, enough to mark another all-time high for the widely used index. Safe-play stocks like utilities and phone companies also rose, but homebuilders slumped after a sharp drop in new home sales last month. Airlines also fell sharply for the second day in a row.

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The S&P 500 index edged up 1 point to 2,839. The Dow Jones industrial average added 140 points, or 0.5%, to 26,392. The Dow also closed at an all-time high. The Nasdaq composite fell 3 points, or 0.1%, to 7,411. Bond prices rose. The yield on the 10-year Treasury fell to 2.62%.

(Read more stock market stories.)

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