Stocks See Mixed Finish on Wall Street

S&P 500, Nasdaq slip while Dow ends up 28 points
By Newser Editors and Wire Services
Posted Jul 29, 2019 3:04 PM CDT
In this Friday, July 19 2019, file photo specialist Mark Otto, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are ending mostly lower on Wall Street as losses for banks and communications companies offset gains in other sectors, the AP reports. Wells Fargo gave up 2.1% Monday and Capital One lost 1.2%. Banks were hurt by a decline in long-term bond yields, which force interest rates on loans like mortgages lower. Facebook led a decline in communications companies with a drop of 1.9%. Health care companies were broadly higher. Johnson & Johnson rose 1.8%. The S&P 500 index fell 4 points, or 0.2% to 3,020. The Dow Jones Industrial Average rose 28 points, or 0.12%, to 27,221. The Nasdaq fell 36 points, or 0.4%, to 8,293. Small-company stocks fell more than the rest of the market. Bond prices rose. The yield on the 10-year Treasury fell to 2.06%. (Read more stock market stories.)

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