Banks, tech lead stocks slightly higher
Trader John Santiago works on the floor of the NYSE, Wednesday, July 12, 2017. Credit: AP / Richard Drew
Banks and technology companies posted modest gains on Wall Street, leaving indexes slightly higher at the closing bell.
The tiny gains Thursday were enough to mark another all-time closing high for the Dow Jones industrial average. Goldman Sachs and Apple contributed the most to the Dow’s gain.
Consumer-focused stocks also rose. Target jumped 4.8 percent after raising its second-quarter forecasts, citing higher sales and customer traffic.
Delta Air Lines fell 1.8 percent after reporting a smaller profit than analysts expected.
The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,447.
The Dow climbed 20 points, or 0.1 percent, to 21,553.
The Nasdaq composite rose 13 points, or 0.2 percent, to 6,274.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 percent.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
