Stocks Continue New Year's Rally

The Dow was the only major index that slipped
By Newser Editors and Wire Services
Posted Jan 8, 2018 3:31 PM CST
Stocks Continue New Year's Rally
The New York Stock Exchange   (AP Photo/Richard Drew, File)

Stock indexes are closing mostly higher on Wall Street as a New Year rally continues to press on. The Standard & Poor's 500 index notched its fifth straight gain Monday. Other major indexes were also higher, except for the Dow Jones industrials, which were weighed down by losses in Goldman Sachs and UnitedHealth. Several retailers rose. Kohl's jumped 4.7% after reporting strong holiday sales. Camera maker GoPro plunged 12.8% after announcing weak sales and a restructuring. The S&P 500 index rose 4 points, or 0.2%, to 2,747. The Dow Jones industrial average gave up 12 points, or 0.1%, to 25,283. The Nasdaq composite rose 20 points, or 0.3%, to 7,157. The yield on the 10-year Treasury held steady at 2.48%. (More New York Stock Exchange stories.)

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