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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
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Traders John Panin, left, and Craig Esposito work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(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.

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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