Home > Article
VOL. 48 | NO. 16 | Friday, April 19, 2024
Wall Street drifts to a mixed finish as yields tick higher
The Associated Press
U.S. stock indexes drifted to a mixed close following more reports showing the economy remains stronger than expected.
The S&P 500 index fell 0.2% Thursday. The slight dip sent it to a fifth straight loss for its longest such streak since October.
The Dow Jones Industrial Average edged up by 0.1%, and the Nasdaq composite slipped 0.5% following a mixed set of profit reports from big companies.
Treasury yields rose following the stronger-than-expected economic data.
Not only is the number of layoffs across the country remaining relatively low, an index of manufacturing in the mid-Atlantic region showed growth unexpectedly accelerated.