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Dow Slips, While Other Indexes Tick Up

It's a mixed day of trading for Wall Street
By Newser Editors and Wire Services
Posted Jan 23, 2020 3:07 PM CST
In this Jan. 15, 2020, photo, specialist Peter Mazza works at his post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Wall Street closed the books on a mixed day of trading Thursday as gains in technology companies offset declines elsewhere in the market. Investors continued to monitor developments in the international effort to keep a deadly new virus outbreak in China from spreading further and potentially hurting the global economy, per the AP. Markets across Asia slumped earlier. The Dow fell 26 points to 19,160, the S&P 500 rose 3 points to 3,325, and the Nasdaq rose 18 points to 9,402.

Technology stocks notched the biggest gains. Citrix Systems led all S&P 500 stocks, vaulting 8.5% after the software company reported fourth-quarter earnings and revenue that topped Wall Street's forecasts. Industrial stocks also rose, with several airlines among the gainers. Real estate and utilities companies held onto modest gains as investors shifted money into the safe-play sectors. Health care stocks were the biggest decliners. Edwards LifeSciences, which makes heart valves, dropped 5.2%

(Read more stock market stories.)

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