Stocks struggle to a mixed finish; banks post largest losses
Trader Patrick McKeon works on the floor of the NYSE on July 6, 2017. Credit: AP / Richard Drew
Stocks struggled to a mixed finish on Wall Street as gains in energy and technology companies were canceled out by losses in other sectors.
Banks posted the largest losses Tuesday. Wells Fargo fell 1 percent and Bank of America gave back 1.2 percent.
Energy stocks rose as oil prices rebounded. Devon Energy climbed 2.7 percent.
Rent-a-Center soared 7.9 percent after rejecting a takeover offer.
The Standard & Poor’s 500 index fell 1 point, or 0.1 percent, to 2,425. The Dow Jones industrial average was little changed at 21,409. The Nasdaq composite rose 16 points, or 0.3 percent, to 6,193.
Nine of the 11 industry groups in the S&P 500 declined.
Bond prices rose. The yield on the 10-year Treasury fell to 2.36 percent.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
