Tiny Gains by Stocks Good Enough for Nasdaq Record

Technology companies are up, and energy companies are down
By Newser Editors and Wire Services
Posted Feb 7, 2017 3:25 PM CST
Stocks Notch Tiny Gains; Nasdaq at Record Tuesday
   (AP Photo/Richard Drew, File)

US stock indexes notched tiny gains Tuesday as the market struggled higher after a day of up-and-down trading, the AP reports. But the modest increase was enough to mark another all-time high for the Nasdaq composite index. Consumer goods makers and technology companies rose, while energy companies fell along with the price of oil. Philip Morris International rose 1.6%, while Chevron fell 1.4%. Michael Kors slumped 10.8% after the luxury retailer reported lower fiscal third-quarter earnings and sales.

The Standard & Poor's 500 index rose a fraction to 2,293. The Dow Jones industrial average gained 37 points, or 0.2%, to 20,090. The Nasdaq composite rose 10 points, or 0.2%, to 5,674. Bond prices rose. The yield on the 10-year Treasury note fell to 2.39%. (Read more stock market stories.)

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