NEW YORK — The latest on developments in financial markets (All times local):
4:00 p.m.
Dow Jones industrials closed at a record high for the 12th consecutive time.
The Standard & Poor’s 500 index, the benchmark favoured by professional investors, also closed at a record high on Monday.
The tiny gains came after an indecisive day for U.S. stocks that sent indexes wavering between small gains and losses.
Energy companies rose, but phone companies and utilities fell.
National Oilwell Varco rose 3.3 per cent. Verizon lost 1.4 per cent.
The Dow gained 15 points, less than 0.1 per cent, to 20,837. The S&P 500 index gained 2 points, or 0.1 per cent, to 2,367. The Nasdaq composite increased 16 points, or 0.3 per cent, to 5,861.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 per cent.
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11:45 a.m.
The major U.S. stock indexes wavered between small gains and losses in midday trading.
Energy stocks led the gainers Monday as the price of crude rose. National Oilwell Varco rose 3.3 per cent.
Phone companies lagged the most. Verizon lost 1.4 per cent. Supermarket operators and companies that sell consumer goods also fell.
Investors were looking ahead to President Donald Trump’s speech to Congress on Tuesday for details of promised tax cuts and infrastructure spending.
The Dow Jones industrial average was down 13 points, or 0.1 per cent, to 20,808. The Standard & Poor’s 500 index fell 1 points, or 0.1 per cent, to 2,366. The Nasdaq composite lost 2 points, or 0.1 per cent, to 5,842.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 per cent.
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9:35 a.m.
Stocks are opening slightly lower on Wall Street following 11 straight gains for the Dow Jones industrial average.
Utilities posted some of the biggest losses in early trading Monday. Power company AES fell 5 per cent after its full-year profit forecast disappointed investors.
Several energy companies fell along with the price of natural gas. Chesapeake Energy slumped 2 per cent.
The Dow fell 38 points, or 0.2 per cent, to 20,785. The Standard & Poor’s 500 index fell 4 points, or 0.2 per cent, to 2,362. The Nasdaq composite fell 16 points, or 0.3 per cent, to 5,827.
The Associated Press
