Stocks close mostly higher on Wall Street

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UNDATED (AP) Developments on Monday, Jan. 8, about the financial markets (All times Eastern Standard Time).

  • 4:00 p.m.

Stock indexes closed mostly higher on Wall Street as a New Year rally continued to press on.

The Standard & Poor’s 500 index notched its fifth straight gain.

Other major indexes were also higher, except for the Dow Jones industrials, which were weighed down by losses in Goldman Sachs and UnitedHealth.

Several retailers rose. Kohl’s jumped 4.7 percent after reporting strong holiday sales.

Camera maker GoPro plunged 12.8 percent after announcing weak sales and a restructuring.

The S&P 500 index rose 4 points, or 0.2 percent, to 2,747.

The Dow Jones industrial average gave up 12 points, or 0.1 percent, to 25,283. The Nasdaq composite rose 20 points, or 0.3 percent, to 7,157.

The yield on the 10-year Treasury held steady at 2.48 percent.

  • 11:45 a.m.

Stocks were mostly lower on Wall Street as a New Year’s rally loses steam.

Weakness in health care companies and banks was outweighing gains for retailers and other sectors in midday trading Monday.

Drugmaker AbbVie was down 1.7 percent, while Citigroup was off 1.2 percent.

Several retailers were higher. Kohl’s jumped 5.9 percent after reporting strong holiday sales.

Camera maker GoPro plunged 20 percent after announcing weak sales and a restructuring.

The Standard & Poor’s 500 index slipped a fraction of a point to 2,742.

The Dow Jones industrial average gave up 33 points, or 0.1 percent, to 25,263. The Nasdaq composite edged up 12 points, or 0.2 percent, to 7,148.

Bond prices didn’t move much. The yield on the 10-year Treasury held steady at 2.48 percent.

  • 9:35 a.m.

Stock indexes opened slightly lower on Wall Street as losses in banks and health care stocks outweigh gains in other sectors.

Drugmaker AbbVie was down 1.9 percent in early trading Monday, one of the biggest losses in the Standard & Poor’s 500 index. Bank of America was down about 1 percent.

Several retailers were higher. Kohl’s jumped 6.8 percent after reporting strong holiday sales. Crocs rose 3.4 percent and Boot Barn climbed 1.5 percent. Macy’s gained 1.6 percent.

The S&P 500 index slipped 4 points, or 0.2 percent, to 2,738.

The Dow Jones industrial average gave up 48 points, or 0.2 percent, to 25,245. The Nasdaq composite edged down 8 points, or 0.1 percent, to 7,128.

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