Markets Right Now: Stocks end broadly lower on Wall Street
NEW YORK (AP) — The latest on developments in U.S. financial markets:
U.S. stocks ended broadly lower after an up-and-down day marked by a deluge of earnings news.
Investors sold bonds Thursday, sending yields higher. That helping drive banks higher and high-dividend stocks like real estate companies and utilities lower.
Industrial companies like defense contractor Raytheon fell, but health care companies bucked the downward trend and ended higher.
Drugmaker Celgene jumped 6 percent after reporting earnings that easily beat analysts’ forecasts.
The Dow Jones industrial average fell 29 points, or 0.2 percent, to 18,169. The Standard & Poor’s 500 index slipped 6 points, or 0.3 percent, to 2,133. The Nasdaq composite lost 34 points, or 0.7 percent, to 5,215.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.84 percent.