Thursday, May 24, 2018
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Wall Street wavers in midday trading

NEW YORK — Stocks were little changed in midday trading, following a big loss the day before. Rupert Murdoch’s News Corp. surged after the media conglomerate said it may split into two companies.

The Dow Jones industrial average dropped 14 points to 12,489 shortly before noon. The Standard & Poor’s 500 inched up one point to 1,313.

A measure of national home prices rose 1.3 percent between March and April, the first increase in seven months. Housing stocks rose in response.

The Standard & Poor’s/Case-Shiller home price index showed a rise in 19 out of the 20 cities it tracks.

News Corp. jumped 6 percent after the company confirmed it is contemplating a breakup to separate its publishing and entertainment businesses.

In other trading, the Nasdaq index rose five to 2,841.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…