Tuesday, May 22, 2018
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Stock Market

Stocks are mostly higher on Wall Street

Market shakes off a two-day slump; Walgreen rises

NEW YORK — Stocks are mostly higher on Wall Street as the market shrugs off a two-day decline.

The Standard & Poor’s 500 index rose two points, or 0.1 percent, to 1,859 as of midday today.

The Dow Jones industrial average rose 50 points, or 0.3 percent, to 16,326. The Nasdaq composite edged down 11 points, or 0.3 percent, to 4,214.

Walgreen rose 3 percent after saying it plans to close 76 stores in the second half of its fiscal year, a reversal of its previous strategy of increasing the number of store locations.

Drive-in restaurant company Sonic jumped 9 percent after posting earnings that exceeded the expectations of Wall Street analysts.

Bond prices fell. The yield on the 10-year Treasury note climbed to 2.74 percent from 2.73 percent late Monday.

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