After a Bumpy Week, It's a Mixed Finish for Stocks

Retailers and homebuilders fall
By Newser Editors and Wire Services
Posted Oct 19, 2018 3:25 PM CDT
Trader Jeffrey Vazquez works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(Newser) – US stocks gave up an early rally and struggled to another mixed finish as investors continued to sell former favorites like retailers, the AP reports. Homebuilders also fell sharply Friday after a realtors' group reported that home sales fell for the sixth straight month in September. Beazer Homes gave up 4.1%. Health care companies dropped. Drugmaker Abbvie gave up 2.1%. Household goods makers rose. Procter & Gamble soared 8.8%, its biggest gain in a decade, after reporting strong earnings. The S&P 500 slipped 1 point to 2,767. The index ended a bumpy week little changed. The Dow Jones Industrial Average climbed 64 points, or 0.3%, to 25,444. The Nasdaq lost 36 points, or 0.5%, to 7,449. Bond prices fell. The yield on the 10-year Treasury rose to 3.19%. (Read more stock market stories.)

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