NEW YORK, N.Y. – U.S. stocks swerved between gains and losses Thursday and wound up with a muddled finish as the price of oil plunged. Investors also sold utility and phone company stocks. They have favoured those companies all year, especially in the wake of Britain’s vote to leave the European Union last month.
The Dow Jones industrial average lost 22.74 points, or 0.1 per cent, to 17,895.88.
The Standard & Poor’s 500 index dipped 1.83 points, or 0.1 per cent, to 2,097.90.
The Nasdaq composite added 17.65 points, or 0.4 per cent, to 4,876.81.
For the week:
The Dow is down 53.49 points, or 0.3 per cent.
The S&P 500 is down 5.05 points, or 0.2 per cent.
The Nasdaq is up 14.24 points, or 0.3 per cent.
For the year:
The Dow is up 470.85 points, or 2.7 per cent.
The S&P 500 is up 53.96 points, or 2.6 per cent.
The Nasdaq is down 130.60 points, or 2.6 per cent.