Gains for banks and technology stocks lead US indexes higher
NEW YORK (AP) — U.S. stock indexes are slightly higher Wednesday as banks rise along with bond yields, but utilities and other big-dividend stocks tumble. Smaller companies are climbing as investors review tax cuts proposed by President Donald Trump and congressional Republicans, and technology companies continue to recover some of their recent losses. Athletic gear giant Nike is falling as investors are concerned about its U.S. business.
KEEPING SCORE: The Standard & Poor's 500 index added 2 points, or 0.1 percent, to 2,499 as of 10:50 a.m. Eastern time. The Dow Jones industrial average was unchanged at 22,283. The Nasdaq composite advanced 35 points, or 0.6 percent, to 6,415.