U.S. stocks edged higher today as markets digest the news that China plans to replace its "Made in China 2025" plan with something better for foreign businesses. In corporate news, at an investor conference today Lowe's announced a $10 billion share-repurchase program. In economic news, the Consumer Price index, a gauge of cost of living, came in flat for November. U.S. Treasury bond yields rose while their prices fell.
The Dow Jones Industrial Average* was up 157 points or 0.6% to 24,527
The Standard & Poor's 500 Index was up 14 points or 0.5% to 2,651
The NASDAQ Composite Index was up 66 points or 0.9% to 7,098
The 30-year Treasury yield closed higher at 3.15% and the 10-year Treasury yield finished higher at 2.91%.
The spot price of gold rose $1.94 to $1,245.15
And the price of crude oil fell $0.55 to $51.10
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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