Utilities, real estate and other big-dividend-paying companies led U. S. stocks mostly higher
Wednesday, pushing the Nasdaq composite to a new record for the second day in a row.
While investors have been focused in recent weeks on companies reporting their quarterly results, they are also trying to size up whether
the Trump administration will deliver on expectations of business-friendly policies that helped fuel the market rally last fall.
Zillow Group slid 7.6 percent after the online real estate information company posted quarterly results
that included a tally of monthly unique users that fell short of Wall Street’s expectations.
Several companies served up earnings and forecasts that fell short of Wall Street’s expectations, sending their shares lower.
The gains by big-dividend-paying stocks came as bond yields fell, making those
traditional safe-haven companies more attractive to investors seeking income.
Quincy Krosby said that You’re beginning to see investors hedging some of their concerns, whether it’s an escalation in the debate between the White House
and the judges on the (travel) ban, or concerns over the direction of the elections coming up in the Eurozone,
