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. On Thursday: The S&P 500 fell 11.09 points, or 0.2%, to 5,011.12. The Dow Jones Industrial Average rose 22.07 points, or 0.1%, to 37,775.38. The Nasdaq composite fell 81.87 points, or 0.5%, to 15,601.50. The Russell 2000 index of smaller companies fell 4.99 points, or 0.3%, to 1,942.96. |
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