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.
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