Markets Right Now: Stocks manage small gains on Wall Street
Sep. 13, 2017
NEW YORK (AP) — The latest on developments in financial markets (All times local):
U.S. stock indexes managed to end slightly higher on Wall Street as gains for retailers and energy companies outweighed declines in health care and technology companies.
Target rose 2.8 percent Wednesday after issuing a bullish hiring forecast for the holiday season.
Energy companies rose along with the price of oil. Chevron climbed 1.5 percent.
Apple fell 0.8 percent a day after unveiling its new lineup of iPhones.
The Standard & Poor's 500 index rose 1 point, or 0.1 percent, to 2,498.
The Dow Jones industrial average rose 39 points, or 0.2 percent, to 22,158. The Nasdaq composite edged up 5 points, or 0.1 percent, to 6,460.
All three are at record highs.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.19 percent.
U.S. stock indexes are hardly budging as banks and technology companies give back some of their gains from earlier in the week while retailers and energy companies trade higher.
Apple fell 1.4 percent Wednesday, a day after unveiling its new lineup of iPhones.
Target led retailers higher with a 2.8 percent gain after saying it would hire far more workers for the holiday season this year.
The Standard & Poor's 500 index fell 1 point to 2,495.
The Dow Jones industrial average was little changed at 22,120. The Nasdaq composite fell 8 points, or 0.1 percent, to 6,446.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.18 percent.
Stocks are little changed in early trading on Wall Street, a day after the market set its latest record high.
Technology companies and banks fell more than the rest of the market early Wednesday.
Apple fell 1.1 percent in the first few minutes of trading, a day after announcing its latest lineup of iPhones. Northern Trust fell 2.9 percent.
The Standard & Poor's 500 index fell 2 points, or 0.1 percent, to 2,494.
The Dow Jones industrial average was little changed at 22,118. The Nasdaq composite fell 13 points, or 0.2 percent, to 6,440.