How the Dow Jones industrial average fared on Wednesday
NEW YORK (AP) — New signs that interest rates may be heading higher sent stocks flitting between gains and losses Wednesday, but the major indexes ended up closing pretty much where they started. Investors dumped utilities and other high dividend payers, but bank stocks rose. Bond prices fell, sending long-term interest rates sharply higher.
The Dow Jones industrial average slipped 3.36 points, less than 0.1 percent, to 17,526.62.
The Standard and Poor’s 500 index rose 0.42 points, less than 0.1 percent, to 2,047.63.
The Nasdaq composite climbed 23.39 points, or 0.5 percent, to 4,739.12.
For the week:
The Dow is down 8.70 points, or less than 0.1 percent.
The S&P 500 is up 1.02 points, or less than 0.1 percent.
The Nasdaq is up 21.44 points, or less than 0.5 percent.
For the year:
The Dow is up 101.59 points, or 0.6 percent.
The S&P 500 is up 3.69 points, or 0.2 percent.
The Nasdaq is down 268.29 points, or 5.4 percent.