Friday, Jul 29, 2016
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Stock Market

Stocks end with modest gains after an early advance fizzles

Stocks rise after unemployment claims ease; Dow Chemical, Royal Caribbean up on earnings

Wall-Street-Premarket-46

Trader James Denaro, center, and Jonathan Corpina, right, work on the floor of the New York Stock Exchange Wednesday.

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NEW YORK — Stock indexes are closing higher on Wall Street but only after giving up much of the ground they won earlier in the day.

The Dow Jones industrial average closed up 24 points at 14,700 today, an increase of 0.2 percent. It had been up as much as 91 points.

The Standard & Poor’s 500 index rose six points to 1,585, or 0.4 percent. The Nasdaq composite rose 20 points to 3,290. That’s an increase of 0.6 percent.

Good news on the job market and healthy earnings from name-brand companies like Royal Caribbean and Harley-Davidson encouraged investors to buy stocks. UPS and Dow Chemical also rose.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was slightly higher than usual, 3.8 billion shares.

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