Stocks mostly lower a day after Fed rally

Published on NewsOK Modified: December 19, 2013 at 3:09 pm •  Published: December 19, 2013
Advertisement
;

NEW YORK (AP) — Stocks are mostly lower on Wall Street a day after hitting their latest record high.

Long-term interest rates and the dollar rose after the Federal Reserve said it would reduce its bond purchases.

The Standard & Poor's 500 fell a point, or 0.06 percent, to 1,809 Thursday.

The Dow Jones industrial average edged up 11 points, or 0.07 percent, to 16,179. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,058.

Dividend-rich utilities stocks fell the most.

Facebook fell 1 percent after saying it would sell 70 million shares, including more than 41 million held by founder and CEO Mark Zuckerberg.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.93 percent.

Gold fell below $1,200 an ounce, the lowest in three years.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    The Story Behind Viral Photo Of OKC Bombing Victim's Grandbaby - News9.com - Oklahoma City, OK -...
  2. 2
    WATCH: Top 10 crossovers of the NBA season
  3. 3
    Whoopi Goldberg Lands Pro-Marijuana Column
  4. 4
    Team clones stem cells from 75-year-old's skin
  5. 5
    LinkedIn tops 300 million members
+ show more