Sunday, Jul 24, 2016
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Stock Market

Stocks slip, ending seven months of gains in S&P

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World stock markets were boosted today by encouraging indicators from Japan and further proof that the U.S. economy is on the upswing.

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NEW YORK — Stocks closed mostly lower on Wall Street today as the market closes out a turbulent month.

The Dow Jones industrial average fell 114 points, or 0.8 percent, to close at 14,909.

The Standard & Poor’s 500 fell six points, or 0.4 percent, to 1,606. The Nasdaq composite edged up a point to 3,403.

The S&P 500 had its first monthly loss since October. It still had its best first half of a year since 1998.

BlackBerry maker Research In Motion plunged 28 percent after posting a loss despite releasing make-or-break smartphones this year.

The yield on the 10-year Treasury note rose to 2.49 percent from 2.47 percent.

Rising and falling stocks were evenly matched on the New York Stock Exchange. Volume was heavier than usual at 4.4 billion shares.

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