- August 19, 2022
- Posted by: Stratford Team
- Category: Economy
NEW YORK — Stocks edged higher on Wall Street Thursday in another round of choppy trading that has mostly held back major indexes following a weekslong run of gains.
The S&P 500 fell 0.3% as of 11:57 a.m. Eastern. The Dow Jones Industrial Average fell 12 points, or less than 0.1%, to 33,964 and the Nasdaq fell 0.4%.
Technology companies had some of the strongest gains. Cisco Systems rose 6.3% after reporting solid financial results.
Energy stocks made solid gains as U.S. crude oil prices rose 2%. Devon Energy rose 3.8%.
Department store Kohl’s fell 5.6% after issuing a disappointing financial forecast.
Bond yields fell. The yield on the 10-year Treasury, which affects mortgage rates, slipped to 2.86% from 2.90% late Wednesday.
Bed Bath & Beyond fell 25% after investor Ryan Cohen proposed selling his entire stake in the struggling retailer.
The choppy trading for stocks follows a four-week winning streak for the benchmark…
