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Utilities, real estate and other big-dividend-paying companies led U. S. stocks mostly higher

2017-02-09 1 Dailymotion

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

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