U.S. stocks drifted to a mixed finish as Wall Street’s momentum cooled after its latest record-setting day
U.S. stocks held steady Thursday as Wall Street’s momentum cooled after its latest record-setting day. The Standard & Poor's 500 barely budged a day after leaping to set an all-time high for the 25th time this year. It dipped by 1.07 points, or less than 0.1%, to 5,352.96. The Dow Jones industrial average added 78.84, points, or 0.2%, to close at 38,886.17, while the Nasdaq composite slipped 14.78 points, or 0.1%, to 17,173.12 after hitting its own record. Big Lots tumbled 18.
workers to keep rising without adding as much upward pressure on inflation. After the economic reports, Treasury yields held relatively steady. The yield on the 10-year Treasury remained at 4.28%, where it was late Wednesday. On Wall Street, Lululemon Athletica climbed 4.8% after reporting better profit for the latest quarter than analysts expected, in large part because of strong growth in sales outside the Americas. J.M. Smucker rose 4.
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