Good Morning
Good Morning

Stock indexes eke out gains in quiet day on Wall Street

Traders work on the floor of the New

Traders work on the floor of the New York Stock Exchange on Oct. 5, 2017. Credit: Getty Images / Spencer Platt

Stock indexes capped another quiet day on Wall Street Wednesday with slight gains, recouping some of the market’s modest losses from a day earlier.

Technology, health care and industrials stocks accounted for much of the gain. A report showing that pending U.S. home sales inched higher last month helped lift homebuilder shares.

Retailers and consumer-goods manufacturers declined the most. Energy stocks also fell along with the price of crude oil. Bond yields fell following a report showing U.S. consumer confidence dipped this month.

“Trading is obviously very light, but the market is certainly going out on a high as we head into the end of the year,” said Erik Davidson, chief investment officer for Wells Fargo Private Bank.

The Standard & Poor’s 500 index gained 2.12 points, or 0.1 percent, to 2,682.62. The Dow Jones industrial average added 28.09 points, or 0.1 percent, to 24,774.30. The Nasdaq rose 3.09 points, or 0.04 percent, to 6,939.34. The Russell 2000 index of smaller-company stocks lost 0.29 points, or 0.02 percent, to 1,543.94.

The Conference Board said its latest consumer confidence index declined slightly this month, just missing analysts’ forecasts.

The decline in the index drove a pickup in bond purchases, sending prices higher. The yield on the 10-year Treasury slid to 2.41 percent from 2.48 percent late Tuesday.

More news