U.S. stocks ended the day mixed as investors continued to digest the Fed's decision to cut interest rates. The health care and utilities sectors performed well, while the financials and industrials sectors lagged. In economic news, initial jobless claims came in lower than expected, pointing to continued strength in the labor market. In corporate news, Microsoft increased its dividend and announced a new $40 billion share-repurchase program. Treasury bond prices rose as interest rates fell.
The Dow Jones Industrial Average* was down 52 points or 0.2% to 27,095
The Standard & Poor's 500 Index was flat at 3,006
The NASDAQ Composite Index was up 5 points or 0.1% to 8,183
The 30-year Treasury yield closed lower at 2.24% and the 10-year Treasury yield finished lower at 1.79%.
The spot price of gold rose $4.44 to $1,498.43
And the price of crude oil rose $0.27 to $58.38
See our Weekly Market Update.
The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes ? 2019 is proprietary to Dow Jones & Company, Inc.
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