Thursday 7:42pm
July 31, 2014
Currently 72°F
Posted: Thursday, November 14th 2013 at 4:24pm

Safe-play stocks lead markets to latest records

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
NEW YORK (AP) -- The stock market is closing at another record high, but the gains were driven mostly by stocks that investors buy when they want to avoid risk.

The biggest gainers were safe-play stocks like power companies, banks and health care companies, a sign that investors are becoming more cautious.

Technology companies were dragged lower after network equipment maker Cisco Systems predicted a sharp drop in sales.

The Dow Jones industrial average rose 54 points, or 0.4 percent, to close at 15,876 Thursday. The Standard & Poor's 500 index rose eight points, or 0.5 percent, to 1,790 points. Both set records for the second day in a row.

The Nasdaq composite rose less than other indexes because of the slump in tech stocks, gaining just seven points, or 0.2 percent, to 3,972.


© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.045007
icon
72°F
Gainesville, GA 30501
Overcast
Wind: NE 7 mph
Dew point: 63°F