Thursday 7:55pm
April 24, 2014
Currently 75°F
Posted: Thursday, December 19th 2013 at 4:42pm

Stocks mostly lower a day after Fed rally

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
NEW YORK (AP) -- Stocks are mostly lower on Wall Street a day after hitting their latest record high.

Long-term interest rates and the dollar rose after the Federal Reserve said it would reduce its bond purchases.

The Standard & Poor's 500 fell a point, or 0.06 percent, to 1,809 Thursday.

The Dow Jones industrial average edged up 11 points, or 0.07 percent, to 16,179. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,058.

Dividend-rich utilities stocks fell the most.

Facebook fell 1 percent after saying it would sell 70 million shares, including more than 41 million held by founder and CEO Mark Zuckerberg.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.93 percent.

Gold fell below $1,200 an ounce, the lowest in three years.
Associated Categories: National News, Business News, Local/State News

© 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 This material may not be published, broadcast, rewritten, or redistributed without permission.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
0.036334
icon
75°F
Gainesville, GA 30501
Clear
Wind: ESE 8 mph
Dew point: 43°F