U.S. Stocks Close Mixed

U.S. stocks closed narrowly mixed on Wednesday, as the Dow Jones Industrial Average closed at a new record amid firming oil prices, moderate housing data and some debate over Fed Chair Janet Yellen’s congressional testimony.

“I think everybody’s mulling what Janet Yellen said yesterday,” said Kim Forrest, senior equity analyst at Fort Pitt Capital said.  The Dow Jones closed up 15.38 points, or 0.08 percent, at 18,224.50, its third record for 2015, with McDonald’s leading blue chips higher and Intel the greatest laggard.

The S&P 500 closed down 1.62 points, or 0.08 percent, to 2,113.86, after hitting a new intraday all-time high, with consumer discretionary leading all sectors and utilities the biggest loser.  The Nasdaq tried to touch the key 5,000 level, but failed to do so, closing 0.98 points down at 4,967.14. Apple closed down 3.38 points, or 2.56 percent, at $128.79 per share, off highs of $133 a share.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.