Stocks Take a Rocky Ride

And remarks by Fed officials leave investors uncertain
By Newser Editors and Wire Services
Posted Aug 22, 2019 3:20 PM CDT

(Newser) – Stocks ended an up-and-down day mostly lower as losses for health care and technology companies offset gains in banks and other sectors, the AP reports. UnitedHealth Group gave up 3.1% Thursday and Adobe lost 1.3%. Remarks from two Federal Reserve bank presidents left investors less certain about the likelihood that the central bank will lower interest rates again next month.

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Traders will look for more guidance on the Fed's next moves Friday when Chairman Jerome Powell is scheduled to speak at the central bank's annual conference in Wyoming. The S&P 500 fell 1 point to 2,922. The Dow Jones Industrial Average rose 49 points, or 0.2%, to 26,252. The Nasdaq fell 28, or 0.4%, to 7,991. Bond prices fell. The yield on the 10-year Treasury rose to 1.61% from 1.57%.

(Read more stock market stories.)

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