Stocks See Mixed Finish on Wall Street

S&P 500, Nasdaq slip while Dow ends up 28 points
By Newser Editors and Wire Services
Posted Jul 29, 2019 3:04 PM CDT
Stocks See Mixed Finish on Wall Street
In this Friday, July 19 2019, file photo specialist Mark Otto, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

Stocks are ending mostly lower on Wall Street as losses for banks and communications companies offset gains in other sectors, the AP reports. Wells Fargo gave up 2.1% Monday and Capital One lost 1.2%. Banks were hurt by a decline in long-term bond yields, which force interest rates on loans like mortgages lower. Facebook led a decline in communications companies with a drop of 1.9%. Health care companies were broadly higher. Johnson & Johnson rose 1.8%. The S&P 500 index fell 4 points, or 0.2% to 3,020. The Dow Jones Industrial Average rose 28 points, or 0.12%, to 27,221. The Nasdaq fell 36 points, or 0.4%, to 8,293. Small-company stocks fell more than the rest of the market. Bond prices rose. The yield on the 10-year Treasury fell to 2.06%. (More stock market stories.)

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