Stocks end higher, breaking five-day losing streak
The facade of the New York Stock Exchange on Oct. 2, 2014. Credit: AP / Richard Drew
Stocks are ending higher, breaking a five-day losing streak.
High-dividend stocks like phone companies and utilities rose more than the rest of the market Thursday as bond yields remained low. Verizon Communications and Consolidated Edison each rose 1 percent.
Macy’s rose 1 percent after it reached a tentative deal with workers at its New York store, avoiding a strike.
The Dow Jones industrial average rose 92 points, or 0.5 percent, to 17,533. The Standard & Poor’s 500 index rose 6 points, or 0.3 percent, to 2,077. The Nasdaq composite gained 9 points, or 0.2 percent, to 4,844.
Keeping the summer vibes alive after Labor Day From Long Beach to the North Fork, NewsdayTV's Elisa DiStefano and Newsday Deputy Lifestyle Editor Meghan Giannotta have ideas on how to hold onto the summer vibes after Labor Day.
Keeping the summer vibes alive after Labor Day From Long Beach to the North Fork, NewsdayTV's Elisa DiStefano and Newsday Deputy Lifestyle Editor Meghan Giannotta have ideas on how to hold onto the summer vibes after Labor Day.
