Markets End the Day Lower

Dow drops 29
By Newser Editors and Wire Services
Posted Oct 27, 2016 3:11 PM CDT
Markets End the Day Lower
Specialist Charles Boeddinghaus, center, works with traders on the floor of the New York Stock Exchange, Monday, Oct. 24, 2016.   (AP Photo/Richard Drew)

US stocks ended broadly lower after an up-and-down day marked by a deluge of earnings news, the AP reports. 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% after reporting earnings that easily beat analysts' forecasts. The Dow Jones industrial average fell 29 points, or 0.2%, to 18,169. The Standard & Poor's 500 index slipped 6 points, or 0.3%, to 2,133. The Nasdaq composite lost 34 points, or 0.7%, to 5,215. (Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.