U.S. stocks closed mostly higher today as concerns decreased over higher interest rates. Real estate and energy led the market, while financials was the worst-performing sector. In economic news, initial jobless claims came in lower than estimated and were the second-lowest since the great recession. In corporate news, Hormel reported mixed first-quarter results hurt by fluctuations in key commodity prices. U.S. Treasuries rose today.
The Dow Jones Industrial Average* was up 165 points or 0.7% to 24,962
The Standard & Poor's 500 Index was up 4 points or 0.2% to 2,706
The NASDAQ Composite Index was down 8 points or 0.1% to 7,210
The 30-year Treasury yield closed lower at 3.21% and the 10-year Treasury yield finished lower at 2.92%
The spot price of gold rose $0.93 to $1,331.04
And the price of crude oil rose $0.96 to $62.64
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 © 2017 is proprietary to Dow Jones & Company, Inc.
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