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A Mixed Finish for Stocks on Wall Street

Dow slips, while Nasdaq and S&P 500 close higher
By Newser Editors and Wire Services
Posted Jul 23, 2018 3:00 PM CDT
Trader Patrick Casey, center, works on the floor of the New York Stock Exchange, Monday, July 23, 2018. Stocks are opening slightly lower on Wall Street, led by declines in technology companies and retailers.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending little changed on Wall Street as gains for banks are offset by losses in industrial companies and other sectors, the AP reports. Banks rose Monday as bond yields moved sharply higher. JPMorgan Chase added 1.9%. Industrial companies were broadly lower. Illinois Tool Works slumped 7.2% after forecasting earnings that were well below what analysts were expecting. Fiat Chrysler fell 1.8% after announcing the early departure of CEO Sergio Marchionne due to health issues. The S&P 500 index rose 5 points, or 0.2%, to 2,806. The Dow Jones Industrial Average slipped 13 points, less than 0.1%, to 25,044. The Nasdaq composite climbed 21 points, or 0.3%, to 7,841. (Read more stock market stories.)

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