Markets Right Now: Dow ekes out another high in mixed day

Posted: Updated:

NEW YORK (AP) - The latest on developments in financial markets (All times local):

4 p.m.

Stocks ended mixed on Wall Street, but a meager gain for the Dow Jones industrial average was enough to mark another record high.

Sizable gains for Boeing and United Technologies pushed the Dow slightly higher Thursday, but other indexes ended mostly lower after a day of back-and-forth trading.

Outside of gains for industrial and health care stocks, retailers and technology companies ended lower. Facebook lost 1.2 percent and Apple gave up 0.9 percent.

Energy companies rose as the price of U.S. crude oil rose to a six-week high. Cabot Oil & Gas rose 1.3 percent.

The Standard & Poor's 500 index fell 2 points, or 0.1 percent, to 2,495.

The Dow rose 45 points, or 0.2 percent, to 22,203. The Nasdaq composite fell 31 points, or 0.5 percent, to 6,429.

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11:45 a.m.

Stocks are edging mostly higher in midday trading as gains for health care and energy stocks outweigh losses in technology and consumer-focused companies.

Pfizer rose 2.1 percent Thursday, while Disney and Facebook each dropped 1 percent.

Energy companies rose as the price of U.S. crude oil rose to $50 for the first time in a month. Haliburton increased 1.2 percent.

Stock indexes closed at record highs the last two days.

The Standard & Poor's 500 index fell 2 points, or 0.1 percent, to 2,496.

The Dow Jones industrial average edged up 18 points, or 0.1 percent, to 22,177, thanks to a gain in Boeing.

The Nasdaq composite fell 15 points, or 0.2 percent, to 6,445.

More stocks rose than fell on the New York Stock Exchange.

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9:35 a.m.

U.S. stocks are slipping, with technology and health care companies taking some of the biggest losses.

Prescription drug distributor AmerisourceBergen dropped 3.1 percent Thursday and McKesson fell 2.8 percent.

Facebook gave up 1.3 percent. Chipmaker Lattice Semiconductor fell 2.7 percent after the U.S. government blocked a Chinese government-financed firm from buying it, citing national security grounds.

Energy companies rose as the price of U.S. crude oil rose to $50 for the first time in a month.

Stock indexes closed at record highs the last two days.

The Standard & Poor's 500 index sank 6 points, or 0.3 percent, to 2,491.

The Dow Jones industrial average shed 12 points, or 0.1 percent, to 22,145. The Nasdaq composite tumbled 33 points, or 0.5 percent, to 6,426.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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